Arthur J Gallagher & Co (NYSE:AJG) Director Kay W. Mccurdy Sells 2,250 Shares

Arthur J Gallagher & Co (NYSE:AJG) Director Kay W. Mccurdy sold 2,250 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $90.84, for a total transaction of $204,390.00. Following the transaction, the director now directly owns 30,232 shares in the company, valued at $2,746,274.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arthur J Gallagher & Co stock traded down $0.22 during trading hours on Thursday, reaching $90.24. 6,186 shares of the stock were exchanged, compared to its average volume of 932,562. The company has a market cap of $16.85 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77. Arthur J Gallagher & Co has a twelve month low of $68.19 and a twelve month high of $92.74. The stock has a 50 day moving average of $90.72 and a two-hundred day moving average of $84.13.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.76 billion. Arthur J Gallagher & Co had a net margin of 9.77% and a return on equity of 14.19%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. On average, analysts expect that Arthur J Gallagher & Co will post 3.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.72 dividend on an annualized basis and a yield of 1.91%. Arthur J Gallagher & Co’s payout ratio is 49.86%.

A number of institutional investors have recently made changes to their positions in the business. Advisor Partners LLC boosted its stake in shares of Arthur J Gallagher & Co by 3.0% in the 2nd quarter. Advisor Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 109 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Arthur J Gallagher & Co by 35.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 126 shares in the last quarter. Securian Asset Management Inc boosted its stake in shares of Arthur J Gallagher & Co by 0.7% in the 1st quarter. Securian Asset Management Inc now owns 18,970 shares of the financial services provider’s stock valued at $1,482,000 after purchasing an additional 137 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Arthur J Gallagher & Co by 6.9% in the 2nd quarter. Hanseatic Management Services Inc. now owns 2,124 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 138 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in shares of Arthur J Gallagher & Co by 4.6% in the 2nd quarter. HBK Sorce Advisory LLC now owns 3,125 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

A number of research firms recently commented on AJG. Morgan Stanley raised their price target on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Tuesday, July 23rd. SunTrust Banks raised their price target on shares of Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada set a $90.00 price target on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Co raised their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $90.00.

About Arthur J Gallagher & Co

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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