Arthur J Gallagher & Co (AJG) Sees Large Volume Increase

Shares of Arthur J Gallagher & Co (NYSE:AJG) saw strong trading volume on Friday . 4,188,366 shares traded hands during mid-day trading, an increase of 261% from the previous session’s volume of 1,161,562 shares.The stock last traded at $80.28 and had previously closed at $79.59.

Several equities analysts have commented on the stock. Wells Fargo & Co reissued a “buy” rating and issued a $85.00 target price on shares of Arthur J Gallagher & Co in a report on Tuesday, December 11th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, December 11th. Finally, Keefe, Bruyette & Woods lowered shares of Arthur J Gallagher & Co to a “market perform” rating in a report on Thursday, December 13th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Arthur J Gallagher & Co presently has a consensus rating of “Buy” and a consensus target price of $80.63.

The firm has a market cap 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 quick ratio of 1.06 and a current ratio of 1.06.

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

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

In related news, CFO Douglas K. Howell sold 13,600 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $79.27, for a total transaction 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 approximately $3,771,428.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Johnson sold 5,000 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $79.37, for a total transaction of $396,850.00. Following the sale, the director now directly owns 48,728 shares in the company, valued at $3,867,541.36. The disclosure for this sale can be found here. Insiders have sold a total of 43,700 shares of company stock worth $3,470,046 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Clarus Wealth Advisors acquired a new stake in Arthur J Gallagher & Co during the 4th quarter worth approximately $228,000. Sawgrass Asset Management LLC boosted its position in Arthur J Gallagher & Co by 11.2% during the 3rd quarter. Sawgrass Asset Management LLC now owns 6,030 shares of the financial services provider’s stock worth $449,000 after buying an additional 605 shares during the period. Toronto Dominion Bank boosted its position in Arthur J Gallagher & Co by 7.3% during the 3rd quarter. Toronto Dominion Bank now owns 125,651 shares of the financial services provider’s stock worth $9,351,000 after buying an additional 8,562 shares during the period. Standard Life Aberdeen plc boosted its position in Arthur J Gallagher & Co by 8.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 73,424 shares of the financial services provider’s stock worth $5,466,000 after buying an additional 5,417 shares during the period. Finally, Bank of Hawaii boosted its position in Arthur J Gallagher & Co by 10.2% during the 3rd quarter. Bank of Hawaii now owns 8,298 shares of the financial services provider’s stock worth $618,000 after buying an additional 765 shares during the period. 82.31% of the stock is currently owned by institutional investors.

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About Arthur J Gallagher & Co (NYSE:AJG)

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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