(NYSE:AJG) by 34.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,172 shares of the financial services provider's stock after selling 129,400 shares during the period. Wells Fargo maintained Arthur J Gallagher & Co (NYSE:AJG) on Friday, April 28 with "Buy" rating.
Other institutional investors also recently made changes to their positions in the company. The correct version of this story can be viewed at https://weekherald.com/2017/10/11/arthur-j-gallagher-co-ajg-expected-to-post-q3-2017-earnings-of-0-78-per-share.html. LLC now owns 67,866 shares of the financial services provider's stock valued at $3,526,000 after buying an additional 53,650 shares during the last quarter. RBC Capital Markets maintained Arthur J Gallagher & Co (NYSE:AJG) on Monday, July 10 with "Hold" rating.
Investors wait Arthur J Gallagher & Co (NYSE:AJG) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.80 earnings per share, up $0.03 or 3.90 % from last year's $0.77 same quarter earnings. Its up 0.26, from 1.27 in 2017Q1. Archford Capital Strategies LLC now owns 19,332 shares of the financial services provider's stock valued at $1,004,000 after buying an additional 4,017 shares during the last quarter. Out of 12 Wall Street analysts rating Arthur J. Gallagher, 5 give it "Buy", 1 "Sell" rating, while 6 recommend "Hold". Alliancebernstein L.P. now owns 359,154 shares of the financial services provider's stock worth $20,307,000 after acquiring an additional 39,632 shares during the period.
Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $62.12.
The stock decreased 0.24% or $0.15 during the last trading session, reaching $61.72.
About 44,450 shares traded. Arthur J. Gallagher & Co.'s revenue was up 9.6% compared to the same quarter past year.
It is now trading at $62.04 a tad higher than the 50 day moving average of $60.09 and a bit higher than the 200 day moving average of $57.88.
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The P/E ratio is 25.02 and the market cap is 11.18B.
Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 27th. During the same quarter in the prior year, the firm posted $0.96 EPS. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. The business's revenue was up 8.7% on a year-over-year basis. Somerset Trust Co lifted its stake in Arthur J. Gallagher & Co.by 0.3% in the second quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. With short interest at 2,810,619 and short average daily volume at 856,771, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.02% as of September 29. (NYSE:AJG) pays an annual dividend of Community Ranking: with a yield of 2.52% and an average dividend growth of 2.80% based on a 3 Year Average. The ex-dividend date is Wednesday, May 31st. Finally, National Asset Management Inc. lifted its stake in Arthur J. Gallagher & Co.by 0.7% in the second quarter. "(AJG) Stake Decreased by Arrowstreet Capital Limited Partnership" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was illegally copied and republished in violation of global copyright law. As per Monday, August 7, the company rating was maintained by Citigroup. Following the completion of the transaction, the insider now owns 112 shares of the company's stock, valued at approximately $6,278.72. The disclosure for this sale can be found here. Pietrucha Susan E sold $231,696 worth of stock. The institutional investor held 242,323 shares of the specialty insurers company at the end of 2017Q2, valued at $13.87 million, up from 137,943 at the end of the previous reported quarter.
Several equities analysts recently commented on the stock. Deutsche Bank AG downgraded shares of Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company.in a research note on Wednesday, October 4th. Royal Bank Of Canada reissued a "hold" rating and issued a $59.00 price objective on shares of Arthur J. Gallagher & Co.in a research note on Tuesday. It is positive, as 20 investors sold Arthur J Gallagher & Co shares while 130 reduced holdings.
Dividend information for Arthur J. Gallagher & Co. As per Monday, November 2, the company rating was downgraded by Goldman Sachs. (NYSE:AJG) is Hold (Score: 2.33) with a consensus target price of $63.43 per share, a potential 2.52% upside.
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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