Arthur J Gallagher & Co (NYSE:AJG) insider Susan E. Pietrucha sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $68.76, for a total value of $103,140.00. Following the transaction, the insider now owns 1,954 shares of the company’s stock, valued at $134,357.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Arthur J Gallagher & Co (AJG) opened at $69.31 on Wednesday. The stock has a market capitalization of $12,512.95, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.74 and a beta of 1.24. Arthur J Gallagher & Co has a one year low of $54.50 and a one year high of $70.55. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.
Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. equities analysts predict that Arthur J Gallagher & Co will post 3.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a $0.41 dividend. The ex-dividend date is Thursday, March 1st. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 2.37%. Arthur J Gallagher & Co’s payout ratio is 61.42%.
Several research analysts have recently commented on AJG shares. Credit Suisse Group lifted their target price 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. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wells Fargo & Co set a $74.00 target price on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.78.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in Arthur J Gallagher & Co in the 4th quarter valued at $108,000. Captrust Financial Advisors acquired a new position in Arthur J Gallagher & Co in the 4th quarter valued at $109,000. Invictus RG acquired a new position in Arthur J Gallagher & Co in the 3rd quarter valued at $130,000. Cerebellum GP LLC acquired a new position in Arthur J Gallagher & Co in the 4th quarter valued at $154,000. Finally, Oakworth Capital Inc. raised its holdings in Arthur J Gallagher & Co by 49.6% in the 4th quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 806 shares in the last quarter. Institutional investors and hedge funds own 82.09% 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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