Arthur J. Gallagher & Co. (NYSE:AJG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $64.78 and last traded at $63.94, with a volume of 589600 shares trading hands. The stock had previously closed at $64.08.
Several equities analysts have recently commented on AJG shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, July 27th. Credit Suisse Group AG upped their target price on Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Barclays PLC upped their target price on Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.38.
The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market cap of $11,650.00, a P/E ratio of 22.10, a PEG ratio of 2.16 and a beta of 1.22.
Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. equities analysts anticipate that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.15%.
In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the sale, the director now directly owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total value of $597,820.66. Following the sale, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Insiders have sold 15,068 shares of company stock valued at $901,391 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC bought a new stake in Arthur J. Gallagher & Co. during the third quarter worth $383,000. Capital Returns Management LLC bought a new stake in Arthur J. Gallagher & Co. during the third quarter worth $15,388,000. Chevy Chase Trust Holdings Inc. lifted its stake in Arthur J. Gallagher & Co. by 1.6% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 157,715 shares of the financial services provider’s stock worth $9,708,000 after purchasing an additional 2,516 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $271,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $1,198,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.
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Arthur J. Gallagher & Co. Company Profile
Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.
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