Shares of Arthur J Gallagher & Co (NYSE:AJG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $79.03 and last traded at $78.42, with a volume of 47050 shares. The stock had previously closed at $78.38.

AJG has been the topic of several recent analyst reports. Credit Suisse Group set a $84.00 price objective on Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Tuesday, September 25th. Wells Fargo & Co restated a “buy” rating and set a $85.00 price objective on shares of Arthur J Gallagher & Co in a report on Thursday, October 25th. William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. ValuEngine upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, SunTrust Banks restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $78.55.

The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.09.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. Arthur J Gallagher & Co had a return on equity of 15.50% and a net margin of 9.04%. On average, equities research analysts expect that Arthur J Gallagher & Co will post 3.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a $0.41 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. Arthur J Gallagher & Co’s dividend payout ratio is 53.59%.

In other news, Director Frank E. Jr. English sold 2,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $72.07, for a total value of $144,140.00. Following the transaction, the director now owns 8,400 shares in the company, valued at approximately $605,388. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William F. Ziebell sold 12,500 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $74.78, for a total value of $934,750.00. Following the completion of the transaction, the vice president now owns 16,792 shares in the company, valued at approximately $1,255,705.76. The disclosure for this sale can be found here. Insiders sold a total of 18,485 shares of company stock worth $1,378,124 in the last quarter. 1.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in AJG. Charles Schwab Investment Advisory Inc. acquired a new position in Arthur J Gallagher & Co in the second quarter worth approximately $240,671,000. BlackRock Inc. increased its holdings in Arthur J Gallagher & Co by 8.5% in the third quarter. BlackRock Inc. now owns 15,960,908 shares of the financial services provider’s stock worth $1,188,127,000 after buying an additional 1,255,179 shares during the last quarter. Millennium Management LLC increased its holdings in Arthur J Gallagher & Co by 136.2% in the second quarter. Millennium Management LLC now owns 2,030,149 shares of the financial services provider’s stock worth $132,528,000 after buying an additional 1,170,683 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Arthur J Gallagher & Co by 1,227.6% in the third quarter. William Blair Investment Management LLC now owns 959,997 shares of the financial services provider’s stock worth $71,462,000 after buying an additional 887,687 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Arthur J Gallagher & Co by 6,475.5% in the second quarter. Baird Financial Group Inc. now owns 512,695 shares of the financial services provider’s stock worth $33,469,000 after buying an additional 504,898 shares during the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.

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About Arthur J Gallagher & Co (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.

See Also: Book Value Per Share – BVPS

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