Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the transaction, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Arthur J. Gallagher & Co. (AJG) traded up 0.63% during trading on Friday, reaching $60.38. The company had a trading volume of 1,814,287 shares. Arthur J. Gallagher & Co. has a 52-week low of $47.16 and a 52-week high of $61.44. The firm has a 50-day moving average price of $58.66 and a 200-day moving average price of $57.24. The company has a market capitalization of $10.88 billion, a P/E ratio of 24.35 and a beta of 1.20.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $0.96 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.58%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.90%.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its stake in Arthur J. Gallagher & Co. by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 99 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $202,000. Koch Industries Inc. acquired a new stake in Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $210,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $215,000. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Arthur J. Gallagher & Co. by 6.2% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,847 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. Barclays PLC lifted their price target on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Citigroup Inc. lifted their price target on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $61.80.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co and its subsidiaries are 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.

Insider Buying and Selling by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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