Arthur J. Gallagher & Co. (NYSE:AJG) Director Kay W. Mccurdy sold 3,375 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $51.20, for a total transaction of $172,800.00. Following the completion of the sale, the director now directly owns 34,470 shares in the company, valued at $1,764,864. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 52.12 on Tuesday. The stock has a market cap of $9.27 billion, a P/E ratio of 24.29 and a beta of 1.10. Arthur J. Gallagher & Co. has a one year low of $35.96 and a one year high of $51.62. The stock has a 50 day moving average of $49.62 and a 200 day moving average of $48.61.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $388.20 million. Arthur J. Gallagher & Co. had a net margin of 6.88% and a return on equity of 12.86%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, analysts forecast that Arthur J. Gallagher & Co. will post $2.75 EPS for the current 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. Shareholders of record on Friday, December 2nd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Wednesday, November 30th. Arthur J. Gallagher & Co.’s payout ratio is currently 71.03%.

A number of equities research analysts have recently commented on the stock. Goldman Sachs Group Inc. lowered shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a research note on Tuesday. Barclays PLC upped their price objective on shares of Arthur J. Gallagher & Co. from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Sunday, October 2nd. Citigroup Inc. upped their price objective on shares of Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $51.69.

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its position in shares of Arthur J. Gallagher & Co. by 0.8% in the first quarter. UBS Asset Management Americas Inc. now owns 384,225 shares of the company’s stock worth $17,089,000 after buying an additional 2,908 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Arthur J. Gallagher & Co. by 2.8% in the first quarter. Pictet Asset Management Ltd. now owns 59,500 shares of the company’s stock worth $2,371,000 after buying an additional 1,600 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Arthur J. Gallagher & Co. by 38.2% in the first quarter. Wellington Management Group LLP now owns 1,499,053 shares of the company’s stock worth $66,678,000 after buying an additional 414,437 shares during the last quarter. AMP Capital Investors Ltd increased its position in shares of Arthur J. Gallagher & Co. by 31.9% in the first quarter. AMP Capital Investors Ltd now owns 54,941 shares of the company’s stock worth $2,437,000 after buying an additional 13,300 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Arthur J. Gallagher & Co. by 4.9% in the first quarter. Legal & General Group Plc now owns 687,350 shares of the company’s stock worth $30,574,000 after buying an additional 31,839 shares during the last quarter. 81.67% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:AJG

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