Insider Selling: Arthur J Gallagher & Co (AJG) VP Sells $934,750.00 in Stock

Arthur J Gallagher & Co (NYSE:AJG) VP William F. Ziebell sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $74.78, for a total transaction of $934,750.00. Following the completion of the sale, the vice president now directly owns 16,792 shares in the company, valued at $1,255,705.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of AJG stock opened at $74.89 on Monday. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.11. Arthur J Gallagher & Co has a fifty-two week low of $59.75 and a fifty-two week high of $75.19.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Arthur J Gallagher & Co had a net margin of 9.34% and a return on equity of 15.93%. Arthur J Gallagher & Co’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. equities research analysts anticipate that Arthur J Gallagher & Co will post 3.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.64 dividend on an annualized basis and a yield of 2.19%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 53.59%.

Several equities research analysts recently issued reports on the stock. William Blair reissued a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Credit Suisse Group started coverage on shares of Arthur J Gallagher & Co in a research report on Tuesday, August 7th. They set an “outperform” rating and a $84.00 price target on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $78.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $73.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, July 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Arthur J Gallagher & Co presently has an average rating of “Buy” and a consensus target price of $75.64.

A number of hedge funds have recently made changes to their positions in the business. Tompkins Financial Corp raised its stake in shares of Arthur J Gallagher & Co by 1.7% during the second quarter. Tompkins Financial Corp now owns 43,562 shares of the financial services provider’s stock valued at $2,843,000 after purchasing an additional 735 shares during the period. Tyers Asset Management LLC raised its stake in shares of Arthur J Gallagher & Co by 11.0% during the second quarter. Tyers Asset Management LLC now owns 7,524 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 748 shares during the period. Eastern Bank raised its stake in shares of Arthur J Gallagher & Co by 2.6% during the second quarter. Eastern Bank now owns 29,290 shares of the financial services provider’s stock valued at $1,912,000 after purchasing an additional 753 shares during the period. Baird Financial Group Inc. raised its stake in shares of Arthur J Gallagher & Co by 10.7% during 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 period. Finally, Dupont Capital Management Corp raised its stake in shares of Arthur J Gallagher & Co by 92.3% during the second quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 758 shares during the period. 83.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Fiduciary

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

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