Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Arthur J. Gallagher & Co. (AJG) Share Price
News stories about Arthur J. Gallagher & Co. (NYSE:AJG) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arthur J. Gallagher & Co. earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.6563990440089 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- ETFs with exposure to Arthur J. Gallagher & Co. : December 7, 2017 (finance.yahoo.com)
- Arthur J. Gallagher & Co. Acquires SouthCap Brokerage Group, LLC (finance.yahoo.com)
- Arthur J. Gallagher & Co. To Webcast Investor Meeting With Management (finance.yahoo.com)
- Talent Strategies Highlight Pathways to Profitability and Growth (finance.yahoo.com)
- Arthur J. Gallagher & Co. Acquires Gatehouse Consulting Limited (prnewswire.com)
Arthur J. Gallagher & Co. (NYSE AJG) traded down $0.56 during mid-day trading on Thursday, hitting $65.27. 1,185,718 shares of the stock traded hands, compared to its average volume of 867,911. Arthur J. Gallagher & Co. has a 1 year low of $49.93 and a 1 year high of $67.32. The stock has a market capitalization of $11,900.19, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66.
Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. analysts forecast that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.40%.
Several brokerages have commented on AJG. ValuEngine lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group lifted their target price on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Barclays lifted their target price on shares of Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $59.00 target price on shares of Arthur J. Gallagher & Co. in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $64.38.
In related news, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the sale, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the sale, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. 1.60% of the stock is owned by company 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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