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Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat purchased 1,630 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $45.73 per share, for a total transaction of $74,539.90. Following the purchase, the director now directly owns 2,750 shares of the company’s stock, valued at approximately $125,758. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.44% during mid-day trading on Thursday, hitting $45.81. The stock had a trading volume of 399,395 shares. Arthur J. Gallagher & Co. has a 52 week low of $41.11 and a 52 week high of $49.46. The stock’s 50-day moving average is $45.98 and its 200-day moving average is $45.88. The company has a market cap of $7.283 billion and a price-to-earnings ratio of 21.58.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 51.3% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post $2.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Wednesday, September 3rd.

A number of analysts have recently weighed in on AJG shares. Analysts at Deutsche Bank cut their price target on shares of Arthur J. Gallagher & Co. from $53.00 to $50.00 in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research note on Monday, August 4th. They now have a $53.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Arthur J. Gallagher & Co. has a consensus rating of “Buy” and a consensus price target of $51.78.

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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