Arthur J Gallagher & Co (AJG) CFO Douglas K. Howell Sells 5,200 Shares of Stock

Arthur J Gallagher & Co (NYSE:AJG) CFO Douglas K. Howell sold 5,200 shares of Arthur J Gallagher & Co stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $68.17, for a total value of $354,484.00. Following the completion of the sale, the chief financial officer now directly owns 43,000 shares in the company, valued at approximately $2,931,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Arthur J Gallagher & Co (NYSE AJG) traded down $0.08 during midday trading on Friday, reaching $68.97. The company’s stock had a trading volume of 1,111,325 shares, compared to its average volume of 1,433,098. The firm has a market capitalization of $12,527.47, a P/E ratio of 27.15, a PEG ratio of 1.75 and a beta of 1.24. The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Arthur J Gallagher & Co has a 1 year low of $54.50 and a 1 year high of $70.55.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. equities analysts forecast that Arthur J Gallagher & Co will post 3.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, March 1st. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. Arthur J Gallagher & Co’s payout ratio is 61.42%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Arthur J Gallagher & Co by 1.3% in the fourth quarter. BlackRock Inc. now owns 14,413,622 shares of the financial services provider’s stock valued at $912,092,000 after purchasing an additional 184,778 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Arthur J Gallagher & Co by 7.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,182,454 shares of the financial services provider’s stock valued at $264,665,000 after purchasing an additional 297,388 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Arthur J Gallagher & Co by 183.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,273,464 shares of the financial services provider’s stock valued at $143,865,000 after purchasing an additional 1,471,258 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Arthur J Gallagher & Co by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 1,976,703 shares of the financial services provider’s stock valued at $124,823,000 after purchasing an additional 71,887 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of Arthur J Gallagher & Co by 0.8% in the fourth quarter. Champlain Investment Partners LLC now owns 1,711,635 shares of the financial services provider’s stock valued at $108,312,000 after purchasing an additional 14,255 shares during the last quarter. 81.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Arthur J Gallagher & Co from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research report on Monday, January 29th. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co reaffirmed a “buy” rating and issued a $74.00 target price on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. SunTrust Banks reissued a “buy” rating and set a $75.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $64.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Arthur J Gallagher & Co has a consensus rating of “Buy” and an average price target of $71.44.

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About Arthur J Gallagher & Co

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)

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