Arthur J. Gallagher & Co. (NYSE:AJG) Director William L. Bax sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $49.80, for a total value of $199,200.00. Following the completion of the sale, the director now directly owns 34,320 shares of the company’s stock, valued at approximately $1,709,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 51.07 on Wednesday. The stock has a 50 day moving average price of $49.62 and a 200 day moving average price of $48.61. Arthur J. Gallagher & Co. has a 52-week low of $35.96 and a 52-week high of $51.89. The company has a market capitalization of $9.09 billion, a PE ratio of 23.80 and a beta of 1.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results 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. Arthur J. Gallagher & Co. had a return on equity of 12.86% and a net margin of 6.88%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $388.20 million. During the same quarter last year, the firm earned $0.77 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Wednesday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 71.03%.

A number of large investors have recently made changes to their positions in AJG. Creative Planning raised its stake in shares of Arthur J. Gallagher & Co. by 3.9% in the second quarter. Creative Planning now owns 2,280 shares of the company’s stock worth $109,000 after buying an additional 85 shares in the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth about $110,000. Seven Eight Capital LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth about $114,000. Global X Management Co. LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth about $125,000. Finally, Washington Trust Bank raised its stake in shares of Arthur J. Gallagher & Co. by 33.1% in the second quarter. Washington Trust Bank now owns 3,501 shares of the company’s stock worth $167,000 after buying an additional 870 shares in the last quarter. 81.67% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. Barclays PLC upped their target price on Arthur J. Gallagher & Co. from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Sunday, October 2nd. Zacks Investment Research cut Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Citigroup Inc. upped their target price on Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Compass Point upped their target price on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Arthur J. Gallagher & Co. has an average rating of “Buy” and an average target price of $51.69.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.