Arthur J Gallagher & Co (AJG) CFO Sells $1,078,072.00 in Stock

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Arthur J Gallagher & Co (NYSE:AJG) CFO Douglas K. Howell sold 13,600 shares of Arthur J Gallagher & Co stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $79.27, for a total value of $1,078,072.00. Following the sale, the chief financial officer now directly owns 47,577 shares of the company’s stock, valued at $3,771,428.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

AJG opened at $80.28 on Monday. The firm has a market capitalization of $14.55 billion, a PE ratio of 23.27, a P/E/G ratio of 2.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J Gallagher & Co has a 12 month low of $64.54 and a 12 month high of $81.09.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. Arthur J Gallagher & Co had a return on equity of 14.03% and a net margin of 9.14%. Research analysts expect that Arthur J Gallagher & Co will post 3.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.14%. This is a positive change from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, February 28th. Arthur J Gallagher & Co’s payout ratio is presently 49.86%.

A number of large investors have recently made changes to their positions in the stock. Goelzer Investment Management Inc. increased its position in Arthur J Gallagher & Co by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 62,932 shares of the financial services provider’s stock valued at $4,638,000 after buying an additional 160 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Arthur J Gallagher & Co by 4.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,866 shares of the financial services provider’s stock valued at $285,000 after buying an additional 171 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Arthur J Gallagher & Co by 4.1% during the 4th quarter. First Allied Advisory Services Inc. now owns 4,887 shares of the financial services provider’s stock valued at $360,000 after buying an additional 191 shares in the last quarter. Sigma Investment Counselors Inc. increased its position in Arthur J Gallagher & Co by 0.5% during the 4th quarter. Sigma Investment Counselors Inc. now owns 39,877 shares of the financial services provider’s stock valued at $2,939,000 after buying an additional 194 shares in the last quarter. Finally, Synovus Financial Corp increased its position in Arthur J Gallagher & Co by 32.2% during the 4th quarter. Synovus Financial Corp now owns 863 shares of the financial services provider’s stock valued at $63,000 after buying an additional 210 shares in the last quarter. 82.31% of the stock is currently owned by institutional investors.

AJG has been the subject of a number of research analyst reports. Zacks Investment Research raised Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, December 11th. Wells Fargo & Co reaffirmed a “buy” rating and set a $85.00 target price on shares of Arthur J Gallagher & Co in a research report on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods lowered Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $80.63.

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Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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