BB&T Corp Lowers Stake in Arthur J. Gallagher & Co. (AJG)

Postado Novembro 15, 2017

During the same period in the prior year, the firm earned $0.77 earnings per share. sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current fiscal year. The Capital Planning Advisors Llc holds 41,166 shares with $4.84 million value, down from 45,650 last quarter.

Shares of Arthur J. Gallagher & Co. Sandy Spring Retail Bank has invested 0% of its portfolio in Arthur J Gallagher & Co (NYSE:AJG). (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 26th. As of the last earnings report the EPS was $2.51 with 180.80M shares now outstanding. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business earned $0.77 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter past year.

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The stock of Arthur J Gallagher & Co (NYSE:AJG) reached all time high today, Nov, 14 and still has $68.68 target or 6.00% above today's $64.79 share price.

A number of equities research analysts recently weighed in on AJG shares.

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 worldwide entities. Zacks Investment Research raised Arthur J. Gallagher & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, August 2nd. After $0.81 actual EPS reported by Arthur J Gallagher & Co for the previous quarter, Wall Street now forecasts -8.64% negative EPS growth. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $59.00 target price on shares of Arthur J. Gallagher & Co.in a report on Tuesday, October 10th. August 18 investment analysts at Keefe, Bruyette & Woods left the stock rating at "Buy" targeting a price of $62.00. The company presently has a consensus rating of "Hold" and a consensus price target of $64.38.

Arthur J. Gallagher & Co. has a fifty-two week low of $48.97 and a fifty-two week high of $64.45. (AJG) traded down $0.14 during trading on Tuesday, hitting $63.94. The company had a trading volume of 589,600 shares, compared to its average volume of 811,547.

The dividend yield for the company is hovering around 2.43% while the pay out ratio is now at 61.00%. The firm has a market cap of $11,650.00, a P/E ratio of 22.10, a P/E/G ratio of 2.16 and a beta of 1.22.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, November 30th. The P/E ratio is now 25.46 and market capitalization is 11.54B. Arthur J. Gallagher & Co. The stock was sold at an average price of $52.00, for a total transaction of $156,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank E. Jr. Insiders own 1.60% of the company's stock. It indicates oversold and overbought price levels for a stock. Following the completion of the sale, the director now owns 10,600 shares in the company, valued at approximately $674,902. The disclosure for this sale can be found here. They were forecasting US$0.76 per share three months ago.

Want to see what other hedge funds are holding AJG?

Arthur J. Gallagher & Co. has a market capital of 11.51B at the moment and a profit to earnings ratio of 25.56. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider's stock worth $197,000 after purchasing an additional 261 shares during the last quarter.

Wellington Management Group Llp reports that it bought 2,476,598 shares in quarter ending 09/30/2017 increasing its stake in Arthur J. Gallagher & Co (AJG) by 251.2%. Finally, Blair William & Co. (NYSE:PM). Edge Wealth Mngmt Ltd Limited Liability Company invested in 1,220 shares or 0.05% of the stock. 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 worldwide entities. The Firm operates through three divisions: brokerage, risk management and corporate.