US Bancorp DE Sells 769 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

US Bancorp DE lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,066 shares of the financial services provider’s stock after selling 769 shares during the period. US Bancorp DE owned about 0.05% of Arthur J. Gallagher & Co. worth $23,948,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AJG. WealthPlan Investment Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at about $28,000. ZRC Wealth Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $29,000. Larson Financial Group LLC raised its stake in shares of Arthur J. Gallagher & Co. by 89.9% in the second quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 62 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $38,000. Finally, Clear Street Markets LLC raised its stake in shares of Arthur J. Gallagher & Co. by 21,100.0% in the fourth quarter. Clear Street Markets LLC now owns 212 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 211 shares during the last quarter. Institutional investors own 81.15% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.0 %

Shares of AJG stock opened at $245.45 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.04 and a current ratio of 1.04. Arthur J. Gallagher & Co. has a 52-week low of $174.45 and a 52-week high of $249.35. The company has a market capitalization of $52.99 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.69. The business’s fifty day moving average is $234.76 and its 200 day moving average is $222.81.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.06. Arthur J. Gallagher & Co. had a return on equity of 18.46% and a net margin of 11.76%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the business posted $1.72 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 8.79 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.20 dividend on an annualized basis and a yield of 0.90%. Arthur J. Gallagher & Co.’s payout ratio is 42.15%.

Analyst Ratings Changes

Several brokerages have recently commented on AJG. Citigroup increased their price objective on Arthur J. Gallagher & Co. from $250.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $237.00 to $261.00 and gave the company an “overweight” rating in a report on Tuesday, October 17th. Jefferies Financial Group upped their target price on Arthur J. Gallagher & Co. from $262.00 to $266.00 in a report on Friday, October 6th. Deutsche Bank Aktiengesellschaft started coverage on Arthur J. Gallagher & Co. in a report on Wednesday, October 4th. They issued a “buy” rating and a $277.00 target price for the company. Finally, Piper Sandler upped their target price on Arthur J. Gallagher & Co. from $238.00 to $251.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.71.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, VP William F. Ziebell sold 20,067 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $241.22, for a total value of $4,840,561.74. Following the transaction, the vice president now owns 35,228 shares in the company, valued at $8,497,698.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Christopher E. Mead sold 3,300 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $226.14, for a total value of $746,262.00. Following the transaction, the vice president now owns 10,816 shares in the company, valued at $2,445,930.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP William F. Ziebell sold 20,067 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $241.22, for a total value of $4,840,561.74. Following the completion of the sale, the vice president now directly owns 35,228 shares in the company, valued at $8,497,698.16. The disclosure for this sale can be found here. Insiders have sold 96,926 shares of company stock worth $22,505,073 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.