Arthur J Gallagher & Co (NYSE:AJG) Sets New 12-Month High at $96.28

Arthur J Gallagher & Co (NYSE:AJG)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $96.28 and last traded at $96.17, with a volume of 15367 shares changing hands. The stock had previously closed at $96.17.

A number of equities research analysts recently commented on the stock. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $91.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a research report on Friday, October 25th. SunTrust Banks raised their price objective on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Barclays restated a “buy” rating and issued a $113.00 price objective on shares of Arthur J Gallagher & Co in a research report on Tuesday, January 7th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $95.29.

The stock’s 50-day moving average price is $94.55 and its 200-day moving average price is $91.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.34 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Arthur J Gallagher & Co will post 3.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.79%. Arthur J Gallagher & Co’s payout ratio is 49.86%.

In other news, insider Susan E. Pietrucha sold 3,599 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $92.00, for a total transaction of $331,108.00. Following the completion of the sale, the insider now directly owns 3,599 shares in the company, valued at approximately $331,108. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Walter D. Bay sold 1,944 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $95.32, for a total transaction of $185,302.08. Following the sale, the general counsel now owns 67,644 shares of the company’s stock, valued at $6,447,826.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,493 shares of company stock valued at $3,414,652. Insiders own 1.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of AJG. HM Payson & Co. acquired a new stake in shares of Arthur J Gallagher & Co during the 2nd quarter valued at approximately $36,000. Commonwealth Bank of Australia increased its stake in shares of Arthur J Gallagher & Co by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 126 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in shares of Arthur J Gallagher & Co by 106.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 537 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 277 shares in the last quarter. Bridger Capital Management LLC purchased a new position in shares of Arthur J Gallagher & Co during the 3rd quarter worth approximately $52,000. Finally, Quest Capital Management Inc. ADV purchased a new position in shares of Arthur J Gallagher & Co during the 3rd quarter worth approximately $57,000. Institutional investors own 82.78% of the company’s stock.

Arthur J Gallagher & Co Company Profile (NYSE:AJG)

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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