Arthur J. Gallagher & Co. (AJG) CFO Douglas K. Howell Sells 20,000 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 20,000 shares of Arthur J. Gallagher & Co. 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 sale, the chief financial officer now directly owns 47,800 shares of the company’s stock, valued at approximately $2,813,030. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arthur J. Gallagher & Co. (AJG) traded up 0.07% during midday trading on Monday, reaching $59.01. 738,829 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $56.45 and a 200-day moving average of $54.90. Arthur J. Gallagher & Co. has a 12 month low of $43.90 and a 12 month high of $59.11. The stock has a market cap of $10.59 billion, a PE ratio of 24.95 and a beta of 1.18.

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

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

The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Wednesday, May 31st. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 65.82%.

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Several analysts have weighed in on AJG shares. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $62.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. BidaskClub upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.86.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Arthur J. Gallagher & Co. by 3,503.7% in the first quarter. BlackRock Inc. now owns 13,986,032 shares of the financial services provider’s stock valued at $790,770,000 after buying an additional 13,597,930 shares in the last quarter. Victory Capital Management Inc. raised its position in Arthur J. Gallagher & Co. by 182.4% in the first quarter. Victory Capital Management Inc. now owns 3,273,190 shares of the financial services provider’s stock valued at $185,065,000 after buying an additional 2,114,276 shares in the last quarter. Norges Bank bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at about $75,419,000. Janus Capital Management LLC raised its position in Arthur J. Gallagher & Co. by 350.9% in the fourth quarter. Janus Capital Management LLC now owns 1,431,629 shares of the financial services provider’s stock valued at $74,387,000 after buying an additional 1,114,098 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Arthur J. Gallagher & Co. by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,578,425 shares of the financial services provider’s stock valued at $993,885,000 after buying an additional 575,651 shares in the last quarter. Hedge funds and other institutional investors own 83.14% of the company’s stock.

About Arthur J. Gallagher & Co.

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.

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