Arthur J. Gallagher & Co. Director James Wimmer Sells 24,285 Shares (AJG)
Arthur J. Gallagher & Co. (NYSE:AJG) Director James Wimmer sold 24,285 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $43.70, for a total transaction of $1,061,254.50. Following the transaction, the director now directly owns 2,500 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AJG has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of Arthur J. Gallagher & Co. (NYSE:AJG) from $46.00 to $47.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $47.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. (NYSE:AJG) from $47.00 to $49.00 in a research note to investors on Tuesday, August 13th.
Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Arthur J. Gallagher & Co. currently has an average rating of “Buy” and a consensus price target of $45.75.
Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.71% on Tuesday, hitting $44.20. The stock had a trading volume of 589,689 shares. Arthur J. Gallagher & Co. has a 52 week low of $34.20 and a 52 week high of $45.89. The stock’s 50-day moving average is $43.48 and its 200-day moving average is $42.72. The company has a market cap of $5.644 billion and a price-to-earnings ratio of 24.32.
Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03. The company had revenue of $779.50 million for the quarter, compared to the consensus estimate of $719.41 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post $2.19 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co, along with its subsidiaries, provides insurance brokerage and third-party claims settlement and administration services to entities in the United States and abroad.
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