Arthur J. Gallagher & Co. (NYSE: AJG) is 10.19% higher on its value in year-to-date trading and has touched a low of $185.43 and a high of $256.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AJG stock was last observed hovering at around $246.23 in the last trading session, with the day’s gains setting it 1.56%.
Currently trading at $247.79, the stock is -0.77% and 2.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 0.63% at the moment leaves the stock 6.88% off its SMA200. AJG registered 33.13% gain for a year compared to 6-month gain of 7.30%. The firm has a 50-day simple moving average (SMA 50) of $6.10 and a 200-day simple moving average (SMA200) of $28.21.
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The stock witnessed a 1.74% loss in the last 1 month and extending the period to 3 months gives it a 11.44%, and is -3.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.50% over the week and 1.30% over the month.
Arthur J. Gallagher & Co. (AJG) has around 52000 employees, a market worth around $53.72B and $9.93B in sales. Current P/E ratio is 55.83 and Fwd P/E is 21.84. Profit margin for the company is 9.77%. Distance from 52-week low is 33.63% and -3.24% from its 52-week high. The company has generated returns on investments over the last 12 months (5.35%).
Arthur J. Gallagher & Co. quarterly earnings per share for the current quarter are estimated at $3.43 with sales reaching $3.18B over the same period.The EPS is expected to grow by 15.81% this year, but quarterly earnings will post 15.90% year-over-year. Quarterly sales are estimated to grow 19.00% in year-over-year returns.
1,452 institutions hold shares in Arthur J. Gallagher & Co. (AJG), with institutional investors hold 88.01% of the company’s shares. The shares outstanding are 216.70M, and float is at 214.35M with Short Float at 1.04%. Institutions hold 87.01% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 25.55 million shares valued at $5.61 billion. The investor’s holdings represent 11.84% of the AJG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.47 million shares valued at $3.62 billion to account for 7.63% of the shares outstanding. The other top investors are Capital International Investors which holds 9.5 million shares representing 4.40% and valued at over $2.09 billion, while FMR, LLC holds 4.14% of the shares totaling 8.94 million with a market value of $1.96 billion.
Arthur J. Gallagher & Co. (AJG) Insider Activity
The most recent transaction is an insider sale by Cavaness Joel D, the company’s Vice President. SEC filings show that Cavaness Joel D sold 1,207 shares of the company’s common stock on Mar 18 ’24 at a price of $255.20 per share for a total of $0.31 million. Following the sale, the insider now owns 2023.0 shares.
Arthur J. Gallagher & Co. disclosed in a document filed with the SEC on Mar 13 ’24 that Hudson Scott R (Vice President) sold a total of 15,458 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $254.28 per share for $3.93 million. Following the transaction, the insider now directly holds 96709.0 shares of the AJG stock.
Still, SEC filings show that on Mar 12 ’24, Hudson Scott R (Vice President) disposed off 15,000 shares at an average price of $255.06 for $3.83 million. The insider now directly holds 96,709 shares of Arthur J. Gallagher & Co. (AJG).
