Arthur J Gallagher & Co (NYSE:AJG) Announces $0.43 Quarterly Dividend

Arthur J Gallagher & Co (NYSE:AJG) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.43 per share by the financial services provider on Friday, December 20th. This represents a $1.72 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, December 5th.

Shares of AJG opened at $92.23 on Tuesday. Arthur J Gallagher & Co has a one year low of $68.19 and a one year high of $93.59. The company has a 50-day moving average of $91.01 and a two-hundred day moving average of $89.13. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J Gallagher & Co (NYSE:AJG) last released 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Arthur J Gallagher & Co will post 3.63 earnings per share for the current year.

In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 1,450 shares of Arthur J Gallagher & Co stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $91.46, for a total transaction of $132,617.00. Following the completion of the sale, the director now owns 7,150 shares of the company’s stock, valued at approximately $653,939. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 3,599 shares of the business’s stock in a transaction 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 transaction, the insider now owns 3,599 shares in the company, valued at $331,108. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,049 shares of company stock worth $2,089,665. Company insiders own 1.30% of the company’s stock.

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AJG has been the subject of a number of recent analyst reports. SunTrust Banks raised their price objective on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada set a $91.00 target price on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a research note on Friday, October 25th. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group restated an “outperform” rating and issued a $93.00 target price (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Finally, Barclays set a $107.00 target price on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Arthur J Gallagher & Co has an average rating of “Hold” and a consensus target price of $93.71.

Arthur J Gallagher & Co Company Profile

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.

Further Reading: Benefits of owning preferred stock

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

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