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 stock was sold at an average price of $56.95, for a total transaction of $1,140,879.35. Following the completion of the transaction, the chief financial officer now owns 31,606 shares of the company’s stock, valued at approximately $1,799,961.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down 0.09% during mid-day trading on Monday, hitting $56.88. 848,434 shares of the company’s stock traded hands. The firm has a 50-day moving average of $55.81 and a 200 day moving average of $51.98. Arthur J Gallagher & Co has a 52 week low of $43.17 and a 52 week high of $57.82. The company has a market cap of $10.16 billion, a PE ratio of 24.52 and a beta of 1.14.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Arthur J Gallagher & Co had a net margin of 7.41% and a return on equity of 13.31%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts predict that Arthur J Gallagher & Co will post $3.02 EPS for the current year.

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

The company also recently declared 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 a positive change 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 annualized dividend and a dividend yield of 2.74%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 65.52%.

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Several research analysts recently weighed in on the stock. Citigroup Inc cut shares of Arthur J Gallagher & Co from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Thursday, December 1st. BMO Capital Markets boosted their price objective on shares of Arthur J Gallagher & Co from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Arthur J Gallagher & Co presently has a consensus rating of “Hold” and an average target price of $54.13.

Several hedge funds have recently bought and sold shares of AJG. Norges Bank purchased a new stake in Arthur J Gallagher & Co during the fourth quarter valued at about $75,419,000. AE Wealth Management LLC purchased a new stake in Arthur J Gallagher & Co during the fourth quarter valued at about $824,000. Thrivent Financial for Lutherans raised its stake in Arthur J Gallagher & Co by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,375 shares of the company’s stock valued at $331,000 after buying an additional 410 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Arthur J Gallagher & Co by 26.2% in the fourth quarter. Archford Capital Strategies LLC now owns 19,332 shares of the company’s stock valued at $1,004,000 after buying an additional 4,017 shares in the last quarter. Finally, Castleark Management LLC purchased a new stake in Arthur J Gallagher & Co during the fourth quarter valued at about $4,317,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

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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