Arthur J Gallagher & Co (NYSE:AJG) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.43 per share by the financial services provider on Friday, December 20th. This represents a $1.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, December 5th.
AJG opened at $92.23 on Tuesday. The stock has a fifty day moving average price of $91.01 and a 200 day moving average price of $89.13. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78. Arthur J Gallagher & Co has a 1 year low of $68.19 and a 1 year high of $93.59. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.62 and a beta of 0.80.
Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. As a group, sell-side analysts forecast that Arthur J Gallagher & Co will post 3.63 earnings per share for the current fiscal year.
In other news, Director Frank E. Jr. English sold 1,450 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $91.46, for a total value of $132,617.00. Following the transaction, the director now owns 7,150 shares of the company’s stock, valued at $653,939. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 18,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the completion of the sale, the insider now owns 4,967 shares of the company’s stock, valued at $448,669.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,049 shares of company stock valued at $2,089,665. 1.30% of the stock is currently owned by corporate insiders.
Several equities research analysts recently commented on AJG shares. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Monday, August 12th. Credit Suisse Group reiterated an “outperform” rating and issued a $93.00 target price (up from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Royal Bank of Canada set a $91.00 target price on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a research note on Friday, October 25th. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks increased their price target on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $93.71.
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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