Arthur J. Gallagher & Co. (AJG) Plans Quarterly Dividend of $0.38

Arthur J. Gallagher & Co. (NYSE:AJG) declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Friday, September 2nd will be paid a dividend of 0.38 per share on Friday, September 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.07%.

A number of equities analysts have recently weighed in on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Saturday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $58.00 target price (up from $52.00) on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, July 12th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 15th. Finally, Zacks Investment Research lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $49.31.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.08% on Wednesday, hitting $49.50. The stock had a trading volume of 949,277 shares. Arthur J. Gallagher & Co. has a 52 week low of $35.96 and a 52 week high of $49.77. The firm has a 50-day moving average of $47.73 and a 200 day moving average of $44.05. The company has a market capitalization of $8.77 billion and a price-to-earnings ratio of 22.83.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts predict that Arthur J. Gallagher & Co. will post $2.80 earnings per share for the current year.

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 operates through three segments: brokerage, risk management and corporate. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.