Investing In Arthur J. Gallagher & Co. (NYSE: AJG): Why Should You?

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Arthur J. Gallagher & Co. Announces First Quarter 2024 Earnings Release And Conference Call Date.

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Stocks Info

The company is listed on the NYSE and operates within the Insurance Brokers industry segment. At the end of the last regular session, the stock closed at $238.17 and fluctuated between $240.08 as its day high and $236.70 as its day low. The current market capitalization of Arthur J. Gallagher & Co. is $51.64B. A total of 0.85 million shares were traded on the day, compared to an average of 873.61K shares.

In the most recent transaction, Cavaness Joel D sold 1,207 shares of AJG for 255.20 per share on Mar 18 ’24. After the transaction, the Vice President now owns 2,023 company shares. In a previous transaction on Mar 13 ’24, Hudson Scott R sold 15,458 shares at 254.28 per share. AJG shares that Vice President owns now total 96,709.

Among the insiders who sold shares, Hudson Scott R disposed of 15,000 shares on Mar 12 ’24 at a per-share price of $255.06. This resulted in the Vice President holding 96,709 shares of AJG after the transaction. In another insider transaction, HOWELL DOUGLAS K sold 5,000 shares at $239.15 per share on Feb 15 ’24. Company shares held by the VP & Chief Financial Officer now total 90,942.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Arthur J. Gallagher & Co. pays an annual dividend of $2.25, resulting in a dividend yield of 0.94%, and it has a price to earnings (P/E) ratio of 53.66. AJG’s most recent ex-dividend date was 2/29/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The AJG stock dividend was $0.55 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, AJG has a high of $256.10 and a low of $194.98.

As of this writing, AJG has an earnings estimate of $3.43 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $3.56 per share and a lower estimate of $3.37. The company reported an EPS of $2 in the last quarter, which was 2.60% higher than expectations of $1.95.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $49.72, while its Total Shareholder’s Equity was $8.56B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.00.

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