Arthur J. Gallagher & Co. Insider Sells $226,750 in Stock (AJG)
Arthur J. Gallagher & Co. (NYSE:AJG) Insider Susan E. Mcgrath sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, July 31st. The stock was sold at an average price of $45.35, for a total transaction of $226,750.00. Following the completion of the sale, the insider now directly owns 16,500 shares of the company’s stock, valued at approximately $748,275. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AJG shares. Analysts at Sandler O’Neill raised their price target on shares of Arthur J. Gallagher & Co. from $50.00 to $52.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Analysts at BMO Capital Markets raised their price target on shares of Arthur J. Gallagher & Co. from $52.00 to $54.00 in a research note on Tuesday, May 20th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.67.
Arthur J. Gallagher & Co. (NYSE:AJG) traded down 0.64% during mid-day trading on Friday, hitting $44.71. 936,218 shares of the company’s stock traded hands. Arthur J. Gallagher & Co. has a 52-week low of $41.11 and a 52-week high of $49.46. The stock has a 50-day moving average of $46.27 and a 200-day moving average of $46.10. The company has a market cap of $6.897 billion and a price-to-earnings ratio of 21.29.
Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $975.46 million. During the same quarter last year, the company posted $0.73 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 51.3% compared to the same quarter last year. Analysts expect that Arthur J. Gallagher & Co. will post $2.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Arthur J. Gallagher & Co (NYSE:AJG), 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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