J Patrick Gallagher, Jr. Purchases 9,090 Shares of Arthur J Gallagher & Co (AJG) Stock

Arthur J Gallagher & Co (NYSE:AJG) CEO J Patrick Gallagher, Jr. acquired 9,090 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The shares were acquired at an average cost of $66.11 per share, for a total transaction of $600,939.90. Following the acquisition, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at $3,417,754.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Arthur J Gallagher & Co opened at $66.74 on Friday, Marketbeat.com reports. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.84 and a beta of 1.11. Arthur J Gallagher & Co has a fifty-two week low of $56.20 and a fifty-two week high of $72.77.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Tuesday, May 1st. The financial services provider reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.78 billion. Arthur J Gallagher & Co had a return on equity of 18.19% and a net margin of 10.34%. Arthur J Gallagher & Co’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. equities analysts predict that Arthur J Gallagher & Co will post 3.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, May 31st. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 53.59%.

A number of institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. grew its holdings in Arthur J Gallagher & Co by 10.7% in the first quarter. Baird Financial Group Inc. now owns 7,797 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 754 shares during the last quarter. LPL Financial LLC lifted its position in shares of Arthur J Gallagher & Co by 2.4% in the fourth quarter. LPL Financial LLC now owns 35,325 shares of the financial services provider’s stock valued at $2,235,000 after acquiring an additional 834 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Arthur J Gallagher & Co by 1.4% in the first quarter. Bahl & Gaynor Inc. now owns 61,739 shares of the financial services provider’s stock valued at $4,243,000 after acquiring an additional 857 shares in the last quarter. Atria Investments LLC lifted its position in shares of Arthur J Gallagher & Co by 21.3% in the first quarter. Atria Investments LLC now owns 5,196 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 911 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Arthur J Gallagher & Co by 9.4% in the fourth quarter. Norinchukin Bank The now owns 12,193 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 1,045 shares in the last quarter. 81.23% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on AJG shares. Wells Fargo & Co set a $78.00 price objective on Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research raised Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Thursday, March 29th. ValuEngine raised Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Goldman Sachs Group started coverage on Arthur J Gallagher & Co in a report on Monday, June 18th. They set a “buy” rating and a $81.00 price objective on the stock. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $71.00 price objective on shares of Arthur J Gallagher & Co in a report on Thursday, March 15th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Arthur J Gallagher & Co has a consensus rating of “Buy” and a consensus price target of $73.45.

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.

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

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