Arthur J. Gallagher & Co. (NYSE:AJG) declared a quarterly dividend on Thursday, October 27th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.38 per share on Friday, December 16th. This represents a $1.52 annualized dividend and a yield of 2.94%. The ex-dividend date is Wednesday, November 30th.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at 51.66 on Friday. Arthur J. Gallagher & Co. has a 12-month low of $35.96 and a 12-month high of $52.34. The firm’s 50-day moving average is $49.80 and its 200 day moving average is $48.93. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 24.07 and a beta of 1.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 12.86% and a net margin of 6.88%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $388.20 million. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Arthur J. Gallagher & Co. will post $2.75 earnings per share for the current fiscal year.

Dividend History for Arthur J. Gallagher & Co. (NYSE:AJG)

AJG has been the topic of a number of research reports. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, September 27th. Credit Suisse Group AG reiterated a “buy” rating and issued a $47.00 target price on shares of Arthur J. Gallagher & Co. in a report on Monday, September 12th. Citigroup Inc. lifted their target price on Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. cut Arthur J. Gallagher & Co. from a “neutral” rating to a “sell” rating in a report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $51.69.

In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 3,000 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $49.60, for a total value of $148,800.00. Following the completion of the sale, the director now directly owns 10,150 shares in the company, valued at approximately $503,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan E. Pietrucha sold 6,955 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $50.35, for a total value of $350,184.25. Following the completion of the sale, the insider now owns 6,955 shares of the company’s stock, valued at $350,184.25. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Seven Eight Capital LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at $114,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $171,000. Cleararc Capital Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $204,000. Segall Bryant & Hamill LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $219,000. Finally, Profund Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the third quarter. Profund Advisors LLC now owns 4,450 shares of the company’s stock worth $226,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 82.10% of the company’s stock.

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About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

5 Day Chart for NYSE:AJG

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