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Patrick Murphy Gallagher, the Chief Operating Officer of Arthur J. Gallagher & Co. (NYSE:AJG), has sold a portion of his holdings in the company. According to a recent SEC filing, Gallagher sold 2,613 shares of common stock at an average price of $332.518 per share, totaling $868,869. The shares were sold in multiple transactions, with prices ranging from $332.476 to $332.555.
In addition to the sale, Gallagher exercised stock options to acquire 5,250 shares of common stock at a price of $70.74 per share, with the total value of these acquired shares amounting to $371,385. The company maintains strong financial health, with a market capitalization of $84.9 billion and liquid assets exceeding short-term obligations.
Following these transactions, Gallagher’s direct ownership stands at 42,944.8567 shares. Additionally, he holds shares indirectly through various trusts and accounts, including those managed by his spouse. According to InvestingPro, AJG has maintained dividend payments for 41 consecutive years and shows a "GOOD" overall financial health score, with detailed insights available in the comprehensive Pro Research Report covering 1,400+ top US stocks.
In other recent news, Arthur J. Gallagher & Co. has reported notable developments impacting its operations and financial outlook. The company announced a series of acquisitions, including the Case Group in Brazil, Agilis Partners LLC in Massachusetts, and Dominick Falcone Agency, Inc. in New York. These strategic moves aim to expand Gallagher’s capabilities in employee benefits, retirement plan consulting, and retail brokerage services, respectively. While financial terms of these deals were not disclosed, the acquisitions align with Gallagher’s strategy to enhance its service offerings and geographic reach.
In terms of earnings, Arthur J. Gallagher’s fourth-quarter earnings per share increased to $2.13 from $1.82, surpassing consensus estimates. The firm’s revenue saw a 12.3% increase, with pre-tax margins expanding to 30.1%. Analysts at CFRA have raised the company’s stock price target to $345, highlighting the firm’s strong earnings growth and acquisition strategy. Similarly, RBC Capital Markets raised their target to $340, maintaining an Outperform rating due to improved brokerage margins and solid organic growth.
Additionally, Arthur J. Gallagher has set key organic growth targets for 2025, aiming for a 6% to 8% increase. The anticipated acquisition of AssuredPartners in late Q1 is expected to further bolster Gallagher’s platform. These recent developments underscore Arthur J. Gallagher’s ongoing efforts to strengthen its market position and financial performance.
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