Arthur J. Gallagher & Co. (NYSE:AJG) shares saw unusually-strong trading volume on Tuesday . Approximately 2,046,545 shares traded hands during trading, an increase of 101% from the previous session’s volume of 1,018,029 shares.The stock last traded at $48.77 and had previously closed at $49.30.

Several research analysts have recently weighed in on AJG shares. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, May 9th. Compass Point boosted their price target on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $45.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Friday, July 29th. Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.21.

The stock has a 50-day moving average of $48.76 and a 200-day moving average of $45.31. The stock has a market cap of $8.63 billion and a PE ratio of 22.11.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post $2.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.52 annualized dividend and a yield of 3.12%.

In other news, Director Kay W. Mccurdy sold 6,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 37,095 shares of the company’s stock, valued at $1,824,703.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Norman L. Rosenthal sold 9,375 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 28,399 shares of the company’s stock, valued at $1,398,934.74. The disclosure for this sale can be found here.

Several institutional investors recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its position in Arthur J. Gallagher & Co. by 17.3% in the fourth quarter. Suntrust Banks Inc. now owns 31,093 shares of the company’s stock worth $1,272,000 after buying an additional 4,580 shares during the period. Andra AP fonden boosted its position in Arthur J. Gallagher & Co. by 11.8% in the fourth quarter. Andra AP fonden now owns 56,700 shares of the company’s stock worth $2,321,000 after buying an additional 6,000 shares during the period. Advisors Asset Management Inc. boosted its position in 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 worth $1,341,000 after buying an additional 6,197 shares during the period. Victory Capital Management Inc. boosted its position in 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 worth $3,038,000 after buying an additional 12,278 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Arthur J. Gallagher & Co. by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 802,948 shares of the company’s stock worth $32,872,000 after buying an additional 27,231 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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