Figma Shares Indicated To Open $105/$110
William F. Ziebell, Vice President at Arthur J. Gallagher & Co . (NYSE:AJG), recently executed a significant stock sale, according to a recent SEC filing. On February 18, Ziebell sold 7,049 shares of common stock at an average price of $324.41 per share, totaling approximately $2.29 million.
The transaction followed the exercise of non-qualified stock options, where Ziebell acquired 7,049 shares at $79.59 each. After the sale, he holds 40,032.93 shares directly and an additional 367.55 shares indirectly through a Gallagher 401(k) plan account.
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, is a global insurance brokerage and risk management services firm.
In other recent news, Arthur J. Gallagher & Co. reported its fourth-quarter 2024 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $2.51, compared to the forecasted $2.06. The company’s revenue for the quarter reached $2.68 billion, slightly below the anticipated $2.71 billion. This performance was bolstered by a 12% increase in revenue and a 17% growth in adjusted EBITDA. In addition to strong financial results, Arthur J. Gallagher & Co. expanded its operations through the acquisition of Agilis Partners LLC, a Massachusetts-based investment and retirement plan consulting firm, and Dominick Falcone Agency, Inc. and Falcone Associates, Inc., based in Syracuse, New York.
CFRA analyst Catherine Seifert raised the price target for Arthur J. Gallagher & Co. to $345, maintaining a Buy rating, citing the company’s strong earnings and revenue growth. RBC Capital Markets also increased their price target to $340, keeping an Outperform rating, highlighting the company’s solid brokerage margins. Furthermore, the anticipated closure of the Assured Partners acquisition in Q1 2025 is expected to further enhance the company’s platform. These developments reflect Arthur J. Gallagher & Co.’s ongoing strategy to expand its service offerings and geographical reach through strategic acquisitions and effective cost management.
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