Arthur J Gallagher & Co (AJG) Sees Unusually-High Trading Volume

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Shares of Arthur J Gallagher & Co (NYSE:AJG) saw an uptick in trading volume on Friday . 4,188,366 shares changed hands during trading, an increase of 261% from the previous session’s volume of 1,161,562 shares.The stock last traded at $80.28 and had previously closed at $79.59.

Several research firms have recently weighed in on AJG. Wells Fargo & Co reiterated a “buy” rating and set a $85.00 price target on shares of Arthur J Gallagher & Co in a research note on Thursday, January 31st. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Keefe, Bruyette & Woods downgraded Arthur J Gallagher & Co to a “market perform” rating in a research note on Thursday, December 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Arthur J Gallagher & Co currently has an average rating of “Buy” and a consensus target price of $79.56.

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $14.55 billion, a P/E ratio of 23.27, a PEG ratio of 2.03 and a beta of 0.91.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, January 31st. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.03% and a net margin of 9.14%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. Equities analysts forecast that Arthur J Gallagher & Co will post 3.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.72 annualized dividend and a yield of 2.14%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.41. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 49.86%.

In other Arthur J Gallagher & Co news, VP Thomas Joseph Gallagher purchased 4,000 shares of the stock in a transaction on Wednesday, December 19th. The shares were purchased at an average price of $73.20 per share, with a total value of $292,800.00. Following the acquisition, the vice president now directly owns 176,958 shares in the company, valued at approximately $12,953,325.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $77.66, for a total value of $85,426.00. Following the completion of the sale, the director now directly owns 7,300 shares in the company, valued at approximately $566,918. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,700 shares of company stock valued at $3,470,046. 1.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in shares of Arthur J Gallagher & Co during the 3rd quarter worth about $250,000. Wells Fargo & Company MN boosted its holdings in shares of Arthur J Gallagher & Co by 1.6% during the 3rd quarter. Wells Fargo & Company MN now owns 351,154 shares of the financial services provider’s stock worth $26,140,000 after buying an additional 5,509 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Arthur J Gallagher & Co by 4.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 28,087 shares of the financial services provider’s stock worth $2,091,000 after buying an additional 1,200 shares in the last quarter. ING Groep NV boosted its holdings in shares of Arthur J Gallagher & Co by 101.4% during the 3rd quarter. ING Groep NV now owns 39,300 shares of the financial services provider’s stock worth $2,925,000 after buying an additional 19,783 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Arthur J Gallagher & Co by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 567,751 shares of the financial services provider’s stock worth $42,263,000 after buying an additional 12,717 shares in the last quarter. 82.31% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Further Reading: Return on Investment (ROI)

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