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Friday, September 29, 2023

Arthur J. Gallagher & Co. (AJG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Arthur J. Gallagher & Co. (AJG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.23, or 0.10%, to $233.34. The Arthur J. Gallagher & Co. has recorded 83,184 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Arthur J. Gallagher & Co. Acquires Frontier Financial Services Limited.

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Stocks Info

This NYSE-listed company operates within the Insurance Brokers industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $233.11 and fluctuated between $233.49 as its day high and $230.20 as its day low. The current market capitalization of Arthur J. Gallagher & Co. is $50.52B. A total of 0.81 million shares were traded on the day, compared to an average of 762.98K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AJG has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 5,476 and the disposition of 1,516 shares. Over the last 12 months, there were 75 BUYs and 91 SELLs from insiders. Insiders purchased 652,652 shares during that period but sold 592,936.

In the most recent transaction, HOWELL DOUGLAS K sold 4,588 shares of AJG for 228.92 per share on Aug 28. After the transaction, the VP & Chief Financial Officer now owns 127,942 company shares. In a previous transaction on Aug 25, HOWELL DOUGLAS K sold 31,841 shares at 226.42 per share. AJG shares that VP & Chief Financial Officer owns now total 132,530.

Among the insiders who sold shares, Mead Christopher E disposed of 3,300 shares on Aug 25 at a per-share price of $226.14. This resulted in the VICE PRESIDENT holding 10,816 shares of AJG after the transaction. In another insider transaction, HOWELL DOUGLAS K sold 30,000 shares at $225.99 per share on Aug 24. Company shares held by the VP & Chief Financial Officer now total 164,371.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Arthur J. Gallagher & Co. pays an annual dividend of $2.20, resulting in a dividend yield of 0.94%, and it has a price to earnings (P/E) ratio of 45.44. AJG’s most recent ex-dividend date was 8/31/2023 when it declared a $0.55 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/16/2023 with an ex-dividend date of 6/1/2023. The AJG stock dividend was $0.55 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AJG in the last 3 months, the mean price target is $238.07 with high estimates of $265.00 and low estimates of $199.00. In terms of 52-week highs and lows, AJG has a high of $232.69 and a low of $167.93.

As of this writing, AJG has an earnings estimate of $1.97 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $2.02 per share and a lower estimate of $1.92. The company reported an EPS of $3.03 in the last quarter, which was 1.30% higher than expectations of $2.99.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AJG’s latest balance sheet shows that the firm has $402.60M in Cash & Short Term Investments as of fiscal 2021. There were $6.59B in debt and $16.73B in liabilities at the time. Its Book Value Per Share was $48.37, while its Total Shareholder’s Equity was $8.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AJG is Buy with a score of 4.38.

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