Douglas K. Howell Sells 9,967 Shares of Arthur J. Gallagher & Co. (AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 9,967 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the completion of the sale, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at approximately $2,865,064.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at 60.38 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $61.44. The firm has a market cap of $10.88 billion, a PE ratio of 24.35 and a beta of 1.20. The company’s 50-day moving average price is $58.73 and its 200 day moving average price is $57.27.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.96 EPS. Arthur J. Gallagher & Co.’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.58%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 62.90%.

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A number of large investors have recently made changes to their positions in AJG. Pacer Advisors Inc. increased its holdings in Arthur J. Gallagher & Co. by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 99 shares during the period. Coldstream Capital Management Inc. purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $202,000. Koch Industries Inc. purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at about $210,000. Cambridge Investment Research Advisors Inc. purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at about $215,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Arthur J. Gallagher & Co. by 6.2% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,847 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 225 shares during the period. Institutional investors own 81.59% of the company’s stock.

Several brokerages have recently weighed in on AJG. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. Barclays PLC increased their price target on Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Citigroup Inc. increased their price target on Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.80.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

Insider Buying and Selling by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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