Arthur J. Gallagher & Co. (NYSE:AJG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $49.79 and last traded at $49.63, with a volume of 260,321 shares. The stock had previously closed at $49.58.

A number of equities analysts recently weighed in on the company. Compass Point lifted their price target on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Keefe, Bruyette & Woods lifted their target price on 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. reaffirmed a “sell” rating and set a $45.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday, July 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $58.00 target price (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, July 12th. Finally, Zacks Investment Research cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.21.

The company has a market capitalization of $8.80 billion and a PE ratio of 22.545. The firm has a 50 day moving average of $48.30 and a 200-day moving average of $44.86.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The company earned $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $0.93 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that Arthur J. Gallagher & Co. will post $2.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.52 annualized dividend and a dividend yield of 3.07%.

In other Arthur J. Gallagher & Co. news, Director Norman L. Rosenthal sold 9,375 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $49.26, for a total value of $461,812.50. Following the completion of the sale, the director now directly owns 28,399 shares in the company, valued at $1,398,934.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kay W. Mccurdy sold 6,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $49.19, for a total value of $295,140.00. Following the completion of the sale, the director now owns 37,095 shares of the company’s stock, valued at $1,824,703.05. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. Suntrust Banks Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 17.3% in the fourth quarter. Suntrust Banks Inc. now owns 31,093 shares of the company’s stock valued at $1,272,000 after buying an additional 4,580 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 23.3% in the fourth quarter. Advisors Asset Management Inc. now owns 32,766 shares of the company’s stock valued at $1,341,000 after buying an additional 6,197 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Arthur J. Gallagher & Co. by 1.2% in the fourth quarter. Gulf International Bank UK Ltd now owns 51,530 shares of the company’s stock valued at $2,110,000 after buying an additional 600 shares during the period. Andra AP fonden increased its stake in shares of Arthur J. Gallagher & Co. by 11.8% in the fourth quarter. Andra AP fonden now owns 56,700 shares of the company’s stock valued at $2,321,000 after buying an additional 6,000 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 19.8% in the fourth quarter. Victory Capital Management Inc. now owns 74,196 shares of the company’s stock valued at $3,038,000 after buying an additional 12,278 shares during the period.

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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