Arthur J. Gallagher & Co. (NYSE:AJG) CAO Richard C. Cary sold 8,230 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $48.29, for a total value of $397,426.70. Following the completion of the transaction, the chief accounting officer now directly owns 32,330 shares of the company’s stock, valued at $1,561,215.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 51.20 on Friday. The stock has a market cap of $9.11 billion, a P/E ratio of 23.86 and a beta of 1.10. The firm’s 50-day moving average price is $49.60 and its 200-day moving average price is $48.56. Arthur J. Gallagher & Co. has a 52-week low of $35.96 and a 52-week high of $51.32.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The business earned $1.48 billion during the quarter, compared to analyst estimates of $388.20 million. Arthur J. Gallagher & Co. had a return on equity of 12.86% and a net margin of 6.88%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post $2.75 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 71.03%.

A number of research firms have recently weighed in on AJG. JPMorgan Chase & Co. reissued a “sell” rating and issued a $45.00 price target on shares of Arthur J. Gallagher & Co. in a 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 report on Monday, August 1st. Wells Fargo & Co. reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, September 27th. Credit Suisse Group AG reissued a “buy” rating and issued a $47.00 price target on shares of Arthur J. Gallagher & Co. in a report on Monday, September 12th. Finally, 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 report on Friday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.69.

Several large investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. raised its stake in Arthur J. Gallagher & Co. by 30.9% in the third quarter. KCG Holdings Inc. now owns 18,110 shares of the company’s stock valued at $921,000 after buying an additional 4,272 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Arthur J. Gallagher & Co. by 8.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 22,580 shares of the company’s stock valued at $1,149,000 after buying an additional 1,800 shares in the last quarter. Profund Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 3.2% in the third quarter. Profund Advisors LLC now owns 4,450 shares of the company’s stock valued at $226,000 after buying an additional 139 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Arthur J. Gallagher & Co. by 1.6% in the third quarter. Epoch Investment Partners Inc. now owns 2,440,663 shares of the company’s stock valued at $124,157,000 after buying an additional 38,871 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Arthur J. Gallagher & Co. by 9.0% in the third quarter. Principal Financial Group Inc. now owns 591,339 shares of the company’s stock valued at $30,081,000 after buying an additional 48,983 shares in the last quarter. 82.14% of the stock is owned by institutional investors and hedge funds.

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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