Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) released its earnings results on Thursday. The financial services provider reported $2.26 EPS for the quarter, hitting analysts’ consensus estimates of $2.26, Briefing.com reports. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS.
Arthur J. Gallagher & Co. Price Performance
Arthur J. Gallagher & Co. stock traded down $7.15 during midday trading on Friday, reaching $280.40. 383,555 shares of the stock were exchanged, compared to its average volume of 842,213. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $61.27 billion, a PE ratio of 57.87, a PEG ratio of 2.53 and a beta of 0.72. The company’s fifty day moving average is $289.20 and its 200-day moving average is $268.76.
Arthur J. Gallagher & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 48.58%.
Insider Buying and Selling at Arthur J. Gallagher & Co.
Analysts Set New Price Targets
Several brokerages have commented on AJG. TD Cowen lifted their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their target price on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets upped their price target on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $287.00.
Arthur J. Gallagher & Co. Company Profile
Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.
Featured Articles
- Five stocks we like better than Arthur J. Gallagher & Co.
- How to Choose Top Rated Stocks
- Texas Roadhouse Stock Steering for New Highs This Year
- What Are Dividend Achievers? An Introduction
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What is a Death Cross in Stocks?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.