Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 9,000 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the chief financial officer now directly owns 43,018 shares in the company, valued at approximately $2,155,201.80. The sale was disclosed in a document filed with the SEC, which is available at this link.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at 50.08 on Wednesday. The firm’s 50 day moving average price is $49.38 and its 200-day moving average price is $47.09. Arthur J. Gallagher & Co. has a 1-year low of $35.96 and a 1-year high of $50.49. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 22.70 and a beta of 1.14.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 28th. The company reported $0.97 EPS for the quarter, beating 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. Arthur J. Gallagher & Co. had a return on equity of 12.89% and a net margin of 7.11%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post $2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.04%. The ex-dividend date was Wednesday, August 31st. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 69.09%.

A number of analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $58.00 price objective (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, July 12th. Wells Fargo & Co. reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 15th. Keefe, Bruyette & Woods raised their price objective 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. Credit Suisse Group AG reissued a “buy” rating and issued a $47.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Monday, September 12th. Finally, JPMorgan Chase & Co. reissued a “sell” rating and issued a $45.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, July 29th. One equities 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. The stock presently has a consensus rating of “Buy” and an average price target of $50.23.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Arthur J. Gallagher & Co. by 23.4% in the second quarter. Vanguard Group Inc. now owns 15,749,325 shares of the company’s stock valued at $749,668,000 after buying an additional 2,987,125 shares during the period. State Street Corp raised its position in Arthur J. Gallagher & Co. by 22.9% in the second quarter. State Street Corp now owns 7,802,461 shares of the company’s stock valued at $371,397,000 after buying an additional 1,456,359 shares during the period. Norges Bank acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $58,735,000. Kleinwort Benson Investors Dublin Ltd acquired a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $37,142,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $24,390,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

About Arthur J. Gallagher & Co.

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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