Arthur J. Gallagher & Co. (NYSE:AJG) VP Scott R. Hudson sold 7,600 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the completion of the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arthur J. Gallagher & Co. (NYSE AJG) traded up $0.42 during trading on Monday, hitting $65.69. 814,100 shares of the stock traded hands, compared to its average volume of 867,684. The stock has a market cap of $11,840.00, a PE ratio of 22.65, a P/E/G ratio of 2.21 and a beta of 1.23. Arthur J. Gallagher & Co. has a 1-year low of $49.93 and a 1-year high of $67.32. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. sell-side analysts expect that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.37%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.15%.

Several brokerages have commented on AJG. Royal Bank Of Canada reissued a “hold” rating and issued a $64.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Friday. Wells Fargo & Company set a $74.00 price target on shares of Arthur J. Gallagher & Co. and gave the company a “buy” rating in a research report on Friday. ValuEngine cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Credit Suisse Group raised their price target on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $66.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invictus RG acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at $130,000. Eagle Boston Investment Management Inc. acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at $201,000. Doyle Wealth Management acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at $203,000. Pacer Advisors Inc. increased its stake in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 261 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new position in Arthur J. Gallagher & Co. in the second quarter valued at $202,000. 82.55% of the stock is owned by hedge funds and other institutional investors.

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Arthur J. Gallagher & Co. Company Profile

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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