Arthur J Gallagher & Co (AJG) CFO Douglas K. Howell Sells 20,033 Shares

Arthur J Gallagher & Co (NYSE:AJG) CFO Douglas K. Howell sold 20,033 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $56.95, for a total value of $1,140,879.35. Following the transaction, the chief financial officer now owns 31,606 shares of the company’s stock, valued at $1,799,961.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Arthur J Gallagher & Co (NYSE:AJG) opened at 56.33 on Monday. The stock’s 50 day moving average price is $56.16 and its 200 day moving average price is $52.21. The stock has a market capitalization of $10.06 billion, a PE ratio of 24.28 and a beta of 1.14. Arthur J Gallagher & Co has a one year low of $43.17 and a one year high of $57.82.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. Arthur J Gallagher & Co had a return on equity of 13.31% and a net margin of 7.41%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Arthur J Gallagher & Co will post $3.03 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were given a dividend of $0.39 per share. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.56 dividend on an annualized basis and a yield of 2.77%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 65.52%.

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Institutional investors have recently made changes to their positions in the company. Charter Trust Co. increased its position in shares of Arthur J Gallagher & Co by 1.0% in the first quarter. Charter Trust Co. now owns 9,313 shares of the company’s stock worth $527,000 after buying an additional 88 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Arthur J Gallagher & Co by 7.8% in the first quarter. Raymond James Trust N.A. now owns 12,344 shares of the company’s stock worth $698,000 after buying an additional 895 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in Arthur J Gallagher & Co during the first quarter worth approximately $268,000. Chevy Chase Trust Holdings Inc. increased its stake in Arthur J Gallagher & Co by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 154,560 shares of the company’s stock worth $8,739,000 after buying an additional 5,285 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Arthur J Gallagher & Co by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 277,641 shares of the company’s stock worth $14,427,000 after buying an additional 56,063 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

AJG has been the topic of a number of research analyst reports. Citigroup Inc reissued a “neutral” rating and issued a $59.00 price target (up from $56.00) on shares of Arthur J Gallagher & Co in a report on Friday. Zacks Investment Research cut Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Wednesday, March 29th. Finally, BMO Capital Markets boosted their price target on Arthur J Gallagher & Co from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $54.88.

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.

5 Day Chart for NYSE:AJG

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