Positive Media Coverage Somewhat Unlikely to Impact Arthur J. Gallagher & Co. (AJG) Share Price
Media coverage about Arthur J. Gallagher & Co. (NYSE:AJG) has been trending positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arthur J. Gallagher & Co. earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.3447141203609 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 58.38 on Friday. The company’s 50-day moving average is $58.33 and its 200-day moving average is $56.96. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 23.54 and a beta of 1.19. Arthur J. Gallagher & Co. has a one year low of $47.16 and a one year high of $59.64.
Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. On average, equities analysts predict that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.
Several equities analysts have commented on the stock. BidaskClub lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, May 2nd. Finally, Barclays PLC increased their price objective on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average price target of $59.33.
In related news, Director Frank E. Jr. English sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $58.49, for a total transaction of $58,490.00. Following the transaction, the director now directly owns 12,100 shares of the company’s stock, valued at approximately $707,729. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joel D. Cavaness sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total value of $587,300.00. Following the transaction, the vice president now directly owns 96,186 shares in the company, valued at $5,649,003.78. The disclosure for this sale can be found here. Insiders sold a total of 37,932 shares of company stock worth $2,233,719 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.
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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