Arthur J. Gallagher & Co. (NYSE:AJG) Director Frank E. Jr. English sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $49.60, for a total value of $148,800.00. Following the completion of the transaction, the director now owns 10,150 shares in the company, valued at approximately $503,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 51.10 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $35.96 and a 52-week high of $51.24. The company has a market capitalization of $9.05 billion, a PE ratio of 23.16 and a beta of 1.14. The firm’s 50-day moving average price is $49.49 and its 200 day moving average price is $47.14.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.11% and a return on equity of 12.89%. The business earned $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts forecast 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 was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Wednesday, August 31st. Arthur J. Gallagher & Co.’s payout ratio is 69.09%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth approximately $340,000. Kentucky Retirement Systems acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth approximately $717,000. Mason Street Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth approximately $1,136,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Arthur J. Gallagher & Co. by 564.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,810 shares of the company’s stock worth $277,000 after buying an additional 4,936 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Arthur J. Gallagher & Co. by 381.0% in the second quarter. Royal Bank of Canada now owns 630,386 shares of the company’s stock worth $30,008,000 after buying an additional 499,318 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

AJG has been the topic of several analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 15th. Credit Suisse Group AG restated a “buy” rating and set a $47.00 price target on shares of Arthur J. Gallagher & Co. in a report on Monday, September 12th. Compass Point boosted their price target on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 29th. BMO Capital Markets restated an “outperform” rating and set a $58.00 price target (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a report on Tuesday, July 12th. Finally, Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Monday, August 1st. 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 stock. The company currently has an average rating of “Buy” and an average price target of $50.23.

Arthur J. Gallagher & Co. Company Profile

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.

5 Day Chart for NYSE:AJG

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