Arthur J. Gallagher & Co. (NYSE:AJG) Plans $0.39 Quarterly Dividend

Paterniano Del Favero
Agosto 15, 2017

Several institutional investors have recently modified their holdings of AJG. Research analysts expect Arthur J. Gallagher & Co.to earn $3.31 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 47.1%. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Barclays PLC upped their target price on Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday. Raymond James Financial, Inc. restated a "market perform" rating on shares of Arthur J. Gallagher & Co.in a research note on Tuesday, May 2nd. Royal Bank Of Canada reissued a hold rating and set a $54.00 target price on shares of Arthur J. Gallagher & Co.in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of "Hold" and a consensus price target of $59.33. RBC Capital Markets maintained Arthur J Gallagher & Co (NYSE:AJG) rating on Friday, July 28. Timber Hill Limited Liability Corp stated it has 0% in Arthur J Gallagher & Co (NYSE:AJG). The company's stock had a trading volume of 41,030 shares.

The stock of Arthur J Gallagher & Co (AJG) formed an up wedge with $60.17 target or 3.00 % above today's $58.42 share price. The company has a market capitalization of $10.53 billion, a PE ratio of 23.56 and a beta of 1.19. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $59.64.

Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.02 by $0.01. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the prior year, the business earned $0.96 earnings per share. Arthur J. Gallagher & Co.'s revenue for the quarter was up 9.6% compared to the same quarter past year. On average, analysts forecast that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year. Symphony Asset Mgmt Limited Co owns 26,041 shares for 0.04% of their portfolio.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 30th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is now 62.90%.

In other news, insider Susan E. Pietrucha sold 4,133 shares of the business's stock in a transaction on Monday, May 22nd. Following the completion of the sale, the insider now directly owns 3,253 shares of the company's stock, valued at approximately $192,837.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The shares were sold at an average price of $58.73, for a total value of $587,300.00. The shares were sold at an average price of $56.06, for a total value of $231,695.98. The firm owned 45,000 shares of the financial services provider's stock after buying an additional 10,000 shares during the period. The disclosure for this sale can be found here. Following the completion of the transaction, the vice president now owns 96,186 shares of the company's stock, valued at $5,649,003.78.

A number of hedge funds have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new stake in Arthur J. Gallagher & Co. during the first quarter worth $210,000. HighTower Advisors LLC now owns 24,949 shares of the financial services provider's stock valued at $1,430,000 after buying an additional 763 shares during the last quarter. Court Place Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $201,000. State Street Corp raised its stake in Arthur J. Gallagher & Co.by 2.5% in the first quarter. Employees Retirement System of Texas now owns 13,000 shares of the financial services provider's stock valued at $744,000 after buying an additional 8,000 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Arthur J. Gallagher & Co.by 6.4% in the second quarter. Zacks Investment Management now owns 523,005 shares of the financial services provider's stock worth $29,942,000 after buying an additional 11,297 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Arthur J. Gallagher & Co. during the first quarter worth $215,000. People s United Financial Inc. now owns 60,393 shares of the financial services provider's stock valued at $3,458,000 after buying an additional 11,547 shares during the last quarter. In the last quarter, insiders sold 49,829 shares of company stock valued at $2,904,780.

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 global entities. The Firm operates through three divisions: brokerage, risk management and corporate.

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