Arthur J Gallagher & Co (NYSE:AJG) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.43 per share by the financial services provider on Friday, December 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, December 5th.
Shares of Arthur J Gallagher & Co stock traded down $0.92 during trading on Tuesday, reaching $91.31. The company’s stock had a trading volume of 1,838 shares, compared to its average volume of 671,731. The business has a 50 day moving average price of $91.01 and a 200-day moving average price of $89.13. Arthur J Gallagher & Co has a 12-month low of $68.19 and a 12-month high of $93.59. The company has a market capitalization of $17.40 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78.
Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.77 earnings per share. Arthur J Gallagher & Co’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts predict that Arthur J Gallagher & Co will post 3.63 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on AJG shares. SunTrust Banks raised their price target on Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. ValuEngine lowered Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays set a $107.00 price objective on Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Monday, August 12th. Credit Suisse Group reissued an “outperform” rating and set a $93.00 target price (up from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada set a $91.00 price target on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $93.71.
In related news, insider Susan E. Pietrucha sold 18,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.33, for a total value of $1,625,940.00. Following the transaction, the insider now directly owns 4,967 shares in the company, valued at $448,669.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank E. Jr. English sold 1,450 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $91.46, for a total transaction of $132,617.00. Following the completion of the transaction, the director now owns 7,150 shares in the company, valued at $653,939. The disclosure for this sale can be found here. Insiders have sold 23,049 shares of company stock valued at $2,089,665 over the last ninety days. 1.30% of the stock is owned by insiders.
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.
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