News headlines about Arthur J Gallagher & Co (NYSE:AJG) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arthur J Gallagher & Co earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.4867138583543 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down $0.62 during trading hours on Friday, reaching $68.57. 849,877 shares of the company were exchanged, compared to its average volume of 1,069,790. The company has a market capitalization of $12,413.84, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. Arthur J Gallagher & Co has a 52 week low of $53.63 and a 52 week high of $70.55.
Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was up 15.5% on a year-over-year basis. equities analysts anticipate that Arthur J Gallagher & Co will post 3.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.39%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 1st. Arthur J Gallagher & Co’s dividend payout ratio is presently 61.42%.
Several analysts have commented on the company. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, December 27th. Royal Bank of Canada restated a “hold” rating and issued a $64.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. Credit Suisse Group raised their price target on Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Wells Fargo & Co set a $74.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $77.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $70.67.
In other news, VP Scott R. Hudson sold 7,600 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the completion of the sale, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Joseph Gallagher sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $69.80, for a total transaction of $802,700.00. Following the sale, the vice president now owns 176,305 shares of the company’s stock, valued at approximately $12,306,089. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,600 shares of company stock worth $1,404,129. Corporate insiders own 1.60% 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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