Arthur J. Gallagher & Co. (NYSE:AJG) VP Joel D. Cavaness sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $58.73, for a total value of $587,300.00. Following the transaction, the vice president now owns 96,186 shares of the company’s stock, valued at approximately $5,649,003.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arthur J. Gallagher & Co. (AJG) opened at 59.02 on Monday. Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $59.64. The company has a 50 day moving average price of $57.89 and a 200 day moving average price of $56.37. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 23.80 and a beta of 1.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Analysts expect that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.64%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.

ILLEGAL ACTIVITY NOTICE: “Arthur J. Gallagher & Co. (AJG) VP Joel D. Cavaness Sells 10,000 Shares” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/07/arthur-j-gallagher-co-ajg-vp-joel-d-cavaness-sells-10000-shares.html.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, July 27th. Citigroup Inc. lifted their price objective on Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average price target of $58.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of AJG. Pacer Advisors Inc. boosted its position in Arthur J. Gallagher & Co. by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after buying an additional 99 shares in the last quarter. Coconut Grove Bank boosted its position in Arthur J. Gallagher & Co. by 92.5% in the first quarter. Coconut Grove Bank now owns 3,330 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,600 shares in the last quarter. Court Place Advisors LLC purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at about $201,000. Koch Industries Inc. purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at about $210,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at about $215,000. 82.16% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are 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.

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

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.