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In recent transactions involving Arthur J. Gallagher & Co. (NYSE:AJG), Chief Operating Officer Patrick Murphy sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. On February 27, Murphy sold 2,613 shares at an average price of approximately $332.52, totaling $868,869.
Additionally, Murphy exercised non-qualified stock options to acquire 5,250 shares at a price of $70.74 per share. Following these transactions, Murphy holds a combination of direct and indirect ownership stakes in various trusts and plans, reflecting a diverse portfolio of shares within the company, which now has a market capitalization of approximately $85 billion. InvestingPro subscribers can access 12 additional key insights about AJG, including its 41-year history of maintaining dividend payments and detailed valuation metrics.
In other recent news, Arthur J. Gallagher & Co. has reported significant developments in its business operations. The company announced its acquisition of Case Group, a Brazilian employee and health benefits brokerage, to expand its capabilities in Brazil. Financial terms of the deal were not disclosed, but this move aligns with Gallagher’s strategy to enhance its presence in international markets, particularly in Latin America. Additionally, Gallagher has acquired Agilis Partners LLC, a Massachusetts-based investment and retirement plan consulting firm, further enhancing its retirement plan and investment consulting capabilities. The acquisition of Dominick Falcone Agency, Inc. and Falcone Associates, Inc. in New York aims to bolster the company’s retail brokerage capabilities in central New York.
In terms of financial performance, Arthur J. Gallagher’s fourth-quarter earnings per share increased to $2.13, up from $1.82 in the previous year, with revenue rising by 12.3%. CFRA analyst Catherine Seifert raised the company’s stock price target to $345, maintaining a Buy rating, citing strong revenue growth and improved margins. RBC Capital Markets analyst Scott Heleniak also raised the price target to $340, maintaining an Outperform rating, emphasizing the company’s solid organic growth and improved brokerage margins. Both analysts highlighted Gallagher’s effective acquisition strategy and its positive impact on the company’s growth trajectory. The acquisition of AssuredPartners, expected to be finalized soon, is anticipated to further benefit Gallagher’s platform.
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