Arthur J. Gallagher & Co. (NYSE:AJG) CFO Sells $1,177,000.00 in Stock

Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 20,000 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $58.85, for a total transaction of $1,177,000.00. Following the completion of the transaction, the chief financial officer now directly owns 47,800 shares of the company’s stock, valued at approximately $2,813,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arthur J. Gallagher & Co. (AJG) traded up 0.96% during mid-day trading on Friday, reaching $57.71. 633,697 shares of the company’s stock were exchanged. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 24.40 and a beta of 1.19. Arthur J. Gallagher & Co. has a one year low of $47.15 and a one year high of $59.11. The stock has a 50-day moving average of $56.97 and a 200-day moving average of $55.38.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, April 27th. The financial services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.42%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.34 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post $3.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $1.56 annualized dividend and a yield of 2.70%. Arthur J. Gallagher & Co.’s payout ratio is currently 65.82%.

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A number of hedge funds have recently made changes to their positions in AJG. Pacer Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after buying an additional 99 shares during the last quarter. Coconut Grove Bank increased its stake in shares of Arthur J. Gallagher & Co. by 92.5% in the first quarter. Coconut Grove Bank now owns 3,330 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,600 shares during the last quarter. Court Place Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at $201,000. Koch Industries Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at $210,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at $215,000. Hedge funds and other institutional investors own 83.14% of the company’s stock.

A number of research firms have recently commented on AJG. Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 14th. BidaskClub upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. Barclays PLC raised their price objective on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Finally, Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, March 29th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.29.

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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