Arthur J. Gallagher & Co. (NYSE:AJG) Director Frank E. Jr. English sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the completion of the sale, the director now owns 10,150 shares in the company, valued at $503,440. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at 50.08 on Wednesday. Arthur J. Gallagher & Co. has a 12-month low of $35.96 and a 12-month high of $50.49. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 22.70 and a beta of 1.14. The firm’s 50-day moving average is $49.38 and its 200 day moving average is $47.09.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 12.89% and a net margin of 7.11%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that Arthur J. Gallagher & Co. will post $2.78 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Wednesday, August 31st. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 69.09%.

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. JPMorgan Chase & Co. restated a “sell” rating and issued a $45.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, July 29th. BMO Capital Markets restated an “outperform” rating and issued a $58.00 price target (up from $52.00) on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, July 12th. Compass Point raised their price target on shares of Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $47.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.23.

Several large investors have recently made changes to their positions in AJG. Creative Planning boosted its stake in shares of Arthur J. Gallagher & Co. by 3.9% in the second quarter. Creative Planning now owns 2,280 shares of the company’s stock valued at $109,000 after buying an additional 85 shares in the last quarter. Mizuho Asset Management Co. Ltd. bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at $110,000. Seven Eight Capital LLC bought a new position in Arthur J. Gallagher & Co. during the second quarter valued at $114,000. Global X Management Co. LLC bought a new position in Arthur J. Gallagher & Co. during the second quarter valued at $125,000. Finally, Washington Trust Bank boosted its position in Arthur J. Gallagher & Co. by 33.1% in the second quarter. Washington Trust Bank now owns 3,501 shares of the company’s stock valued at $167,000 after buying an additional 870 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

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