Insider Buying: Arthur J. Gallagher & Co. Director Sherry S. Barrat Acquires 1,630 Shares of Stock (AJG)
Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat acquired 1,630 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on 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 acquisition, the director now directly owns 2,750 shares in the company, valued at approximately $125,758. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $51.78.
Arthur J. Gallagher & Co. (NYSE:AJG) opened at 45.62 on Monday. 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 $45.93 and a 200-day moving average of $45.87. The company has a market cap of $7.253 billion and a price-to-earnings ratio of 21.67.
Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Tuesday, July 29th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 51.3% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post $2.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders 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 3.16%. 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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