Arthur J Gallagher & Co (NYSE:AJG) General Counsel Walter D. Bay sold 3,985 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $75.09, for a total transaction of $299,233.65. Following the completion of the transaction, the general counsel now owns 16,269 shares of the company’s stock, valued at approximately $1,221,639.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of AJG stock traded down $0.09 on Tuesday, reaching $75.03. 766,300 shares of the stock were exchanged, compared to its average volume of 962,292. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The company has a market cap of $13.68 billion, a P/E ratio of 24.29, a PEG ratio of 2.10 and a beta of 1.15. Arthur J Gallagher & Co has a twelve month low of $60.26 and a twelve month high of $75.27.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, July 26th. The financial services provider reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Arthur J Gallagher & Co had a net margin of 9.34% and a return on equity of 15.93%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. equities analysts forecast that Arthur J Gallagher & Co will post 3.46 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.19%. Arthur J Gallagher & Co’s payout ratio is currently 53.59%.

Several hedge funds have recently modified their holdings of AJG. Dupont Capital Management Corp lifted its position in Arthur J Gallagher & Co by 92.3% in the second quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 758 shares during the last quarter. Braun Bostich & Associates Inc. lifted its position in Arthur J Gallagher & Co by 528.7% in the second quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,491 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Arthur J Gallagher & Co in the second quarter valued at $127,000. HRT Financial LLC purchased a new stake in Arthur J Gallagher & Co in the second quarter valued at $208,000. Finally, CIBC World Markets Inc. purchased a new stake in Arthur J Gallagher & Co in the first quarter valued at $210,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Several equities analysts have commented on AJG shares. Zacks Investment Research downgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, May 30th. Wells Fargo & Co reiterated a “buy” rating and set a $78.00 target price on shares of Arthur J Gallagher & Co in a research note on Thursday, June 14th. Goldman Sachs Group initiated coverage on shares of Arthur J Gallagher & Co in a research note on Monday, June 18th. They set a “buy” rating and a $81.00 target price for the company. SunTrust Banks reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, July 26th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $73.00 target price on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $75.64.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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