Arthur J Gallagher & Co (AJG) Director Frank E. Jr. English Sells 600 Shares

Arthur J Gallagher & Co (NYSE:AJG) Director Frank E. Jr. English sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $63.71, for a total value of $38,226.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at $637,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Arthur J Gallagher & Co (AJG) traded up $0.53 during midday trading on Tuesday, hitting $66.74. The company had a trading volume of 285,231 shares, compared to its average volume of 1,208,696. The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $11,756.67, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. Arthur J Gallagher & Co has a twelve month low of $54.50 and a twelve month high of $70.55.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. Arthur J Gallagher & Co’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. equities analysts anticipate that Arthur J Gallagher & Co will post 3.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 1st. Arthur J Gallagher & Co’s dividend payout ratio is presently 61.42%.

Several equities research analysts recently weighed in on the company. Citigroup boosted their target price on Arthur J Gallagher & Co from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “strong-buy” rating and set a $81.00 price target for the company in a report on Monday, January 29th. SunTrust Banks reiterated a “buy” rating and set a $75.00 price target on shares of Arthur J Gallagher & Co in a report on Friday, January 26th. Wells Fargo & Co reiterated a “buy” rating and set a $74.00 price target on shares of Arthur J Gallagher & Co in a report on Thursday, January 25th. Finally, Barclays upped their price target on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $71.44.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Arthur J Gallagher & Co in the fourth quarter valued at $108,000. Invictus RG acquired a new position in shares of Arthur J Gallagher & Co in the third quarter valued at $130,000. Cerebellum GP LLC acquired a new position in shares of Arthur J Gallagher & Co in the fourth quarter valued at $154,000. Oakworth Capital Inc. raised its stake in shares of Arthur J Gallagher & Co by 49.6% in the fourth quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 806 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. acquired a new position in shares of Arthur J Gallagher & Co in the third quarter valued at $201,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

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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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