News headlines about Arthur J. Gallagher & Co. (NYSE:AJG) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Arthur J. Gallagher & Co. earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.0110574060788 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- IBD Rating Upgrades: Gallagher Arthur J & Co Flashes Improved Relative Price Strength (finance.yahoo.com)
- Arthur J. Gallagher & Co. breached its 50 day moving average in a Bullish Manner : AJG-US : September 11, 2017 (finance.yahoo.com)
- Arthur J. Gallagher & Co. Acquires Franklin-Case Agency, LLC (finance.yahoo.com)
- Arthur J. Gallagher & Co. Buys Franklin-Case Agency – Quick Facts (nasdaq.com)
A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note 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 note on Wednesday, June 28th. Barclays PLC upped their price target on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $59.33.
Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.47% during mid-day trading on Tuesday, hitting $60.32. 861,593 shares of the company were exchanged. The stock has a market cap of $10.87 billion, a P/E ratio of 24.32 and a beta of 1.20. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $61.44. The company has a 50 day moving average of $58.56 and a 200 day moving average of $57.18.
Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 annualized dividend and a yield of 2.59%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.90%.
In related news, insider Susan E. Pietrucha sold 6,932 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.28, for a total value of $410,928.96. Following the completion of the transaction, the insider now directly owns 3,253 shares of the company’s stock, valued at $192,837.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas K. Howell sold 20,000 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $58.85, for a total transaction of $1,177,000.00. Following the completion of the transaction, the chief financial officer now directly owns 47,800 shares of the company’s stock, valued at $2,813,030. The disclosure for this sale can be found here. Insiders sold 40,533 shares of company stock worth $2,383,295 over the last quarter. 1.60% of the stock is owned by corporate insiders.
About Arthur J. Gallagher & Co.
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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