Arthur J. Gallagher & Co. (NYSE:AJG) is expected to pay $0.38 on Dec 16, 2016. The indicated annual dividend is $1.52. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Arthur J. Gallagher & Co.’s current price of $51.22, the dividend is 0.74%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 28, 2016. The stock decreased 1.23% or $0.64 during the last trading session, hitting $51.22. Arthur J Gallagher & Co (NYSE:AJG) has risen 13.65% since April 26, 2016 and is uptrending. It has outperformed by 8.39% the S&P500.
Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The company has a market cap of $9.15 billion. The Firm operates through three divisions: brokerage, risk management and corporate. It has a 23.91 P/E ratio. The Firm provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating divisions.
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.23, from 1.41 in 2016Q1. The ratio worsened, as 21 funds sold all Arthur J Gallagher & Co shares owned while 136 reduced positions. 69 funds bought stakes while 153 increased positions. They now own 141.07 million shares or 0.50% less from 141.78 million shares in 2016Q1.
Waddell And Reed Fincl accumulated 99,290 shares or 0.01% of the stock. Td Asset last reported 0.03% of its portfolio in the stock. Moreover, Iowa Financial Bank has 0.01% invested in Arthur J Gallagher & Co (NYSE:AJG) for 350 shares. Fuller Thaler Asset Mgmt Inc has 0% invested in the company for 280 shares. Evercore Wealth Mngmt Lc owns 3,206 shares or 0.01% of their US portfolio. Tudor Et Al holds 5,000 shares or 0.01% of its portfolio. Quantbot Technology L P holds 22,399 shares or 0.11% of its portfolio. Tompkins Financial Corporation holds 0.56% or 39,899 shares in its portfolio. Moreover, Westport Asset Management Incorporated has 0.84% invested in Arthur J Gallagher & Co (NYSE:AJG) for 19,129 shares. Mufg Americas Holdg Corp last reported 0% of its portfolio in the stock. Guardian Life Ins Communications Of America reported 663 shares or 0% of all its holdings. Korea owns 99,900 shares or 0.03% of their US portfolio. The Pennsylvania-based Somerset Tru has invested 0.26% in Arthur J Gallagher & Co (NYSE:AJG). Moreover, Royal London Asset Ltd has 0.05% invested in Arthur J Gallagher & Co (NYSE:AJG) for 62,189 shares. Franklin Res Inc has 3.95 million shares for 0.1% of their US portfolio.
Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 10 sales for $2.84 million net activity. $249,300 worth of shares were sold by McCurdy Kay W on Thursday, September 15. Another trade for 8,230 shares valued at $397,427 was made by CARY RICHARD C on Monday, November 7. Another trade for 3,125 shares valued at $155,293 was sold by JOHNSON DAVID S. On Monday, September 19 English Frank E. Jr. sold $148,800 worth of the stock or 3,000 shares. HOWELL DOUGLAS K also sold $450,900 worth of Arthur J Gallagher & Co (NYSE:AJG) shares. 6,955 shares were sold by Pietrucha Susan E, worth $350,184 on Wednesday, September 7. The insider ROSENTHAL NORMAN L sold $461,850.
Arthur J Gallagher & Co (NYSE:AJG) Ratings Coverage
Out of 10 analysts covering Arthur J. Gallagher (NYSE:AJG), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. $59 is the highest target while $44 is the lowest. The $49 average target is -4.33% below today’s ($51.22) stock price. Arthur J. Gallagher has been the topic of 19 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Thursday, February 4. As per Monday, March 21, the company rating was upgraded by William Blair. The firm has “Sell” rating by Goldman Sachs given on Tuesday, November 15. On Monday, November 2 the stock rating was downgraded by Goldman Sachs to “Neutral”. The company was maintained on Thursday, February 4 by RBC Capital Markets. Compass Point maintained the shares of AJG in a report on Friday, February 5 with “Buy” rating. The company was initiated on Wednesday, October 14 by Wells Fargo. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29. Compass Point maintained it with “Buy” rating and $59 target price in Friday, July 29 report. Sandler O’Neill downgraded Arthur J Gallagher & Co (NYSE:AJG) on Tuesday, September 29 to “Hold” rating.
More notable recent Arthur J Gallagher & Co (NYSE:AJG) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Arthur J. Gallagher, Navient and Northern Trust” on November 28, 2016, also Prnewswire.com with their article: “Arthur J. Gallagher & Co. Acquires Regency Group” published on November 08, 2016, Prnewswire.com published: “Arthur J. Gallagher & Co. Acquires Argentis” on November 10, 2016. More interesting news about Arthur J Gallagher & Co (NYSE:AJG) were released by: Prnewswire.com and their article: “Arthur J. Gallagher & Co. Acquires Altman & Cronin Benefit Consultants LLC” published on November 09, 2016 as well as Prnewswire.com‘s news article titled: “Arthur J. Gallagher & Co. Acquires Orb Financial Services Limited” with publication date: August 01, 2016.
AJG Company Profile
Arthur J. Gallagher & Co., incorporated on March 30, 1972, is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The Firm operates through three divisions: brokerage, risk management and corporate. The Firm provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating divisions. The Company’s Brokerage segment is engaged in the negotiation and placement of insurance for its clients. The Company’s Risk Management segment is engaged in claims management, information management, risk control consulting services and appraisals in the property/casualty market. The Company’s brokers, agents and administrators act as intermediaries between insurers and their customers.
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