Arthur J. Gallagher & Co. (NYSE: AJG) is 24.84% higher on its value in year-to-date trading and has touched a low of $218.62 and a high of $301.04 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 $279.33 in the last trading session, with the day’s gains setting it 1.42%.
Currently trading at $280.75, the stock is -3.85% and -1.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 0.51% at the moment leaves the stock 10.31% off its SMA200. AJG registered 20.36% gain for a year compared to 6-month gain of 14.02%. The firm has a 50-day simple moving average (SMA 50) of $285.7308 and a 200-day simple moving average (SMA200) of $254.71725.
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The stock witnessed a -2.10% loss in the last 1 month and extending the period to 3 months gives it a 10.75%, and is -3.58% 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 2.24% over the week and 1.69% over the month.
Arthur J. Gallagher & Co. (AJG) has around 52000 employees, a market worth around $61.51B and $10.81B in sales. Current P/E ratio is 54.64 and Fwd P/E is 24.69. Profit margin for the company is 10.55%. Distance from 52-week low is 28.42% and -6.74% from its 52-week high. The company has generated returns on investments over the last 12 months (5.79%).
Arthur J. Gallagher & Co. quarterly earnings per share for the current quarter are estimated at 2.29 with sales reaching $2.79B over the same period.The EPS is expected to grow by 15.82% this year, but quarterly earnings will post 15.40% year-over-year. Quarterly sales are estimated to grow 14.00% in year-over-year returns.
1542.0 institutions hold shares in Arthur J. Gallagher & Co. (AJG), with institutional investors hold 89.65% of the company’s shares. The shares outstanding are 216.70M, and float is at 216.67M with Short Float at 1.31%. Institutions hold 88.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.63 million shares valued at $6.65 billion. The investor’s holdings represent 11.7836 of the AJG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.23 million shares valued at $4.47 billion to account for 7.9208 of the shares outstanding. The other top investors are FMR LLC which holds 11.73 million shares representing 5.391 and valued at over $3.04 billion, while CAPITAL INTERNATIONAL INVESTORS holds 4.6864 of the shares totaling 10.19 million with a market value of $2.64 billion.
Arthur J. Gallagher & Co. (AJG) Insider Activity
The most recent transaction is an insider sale by HOWELL DOUGLAS K, the company’s VP & Chief Financial Officer. SEC filings show that HOWELL DOUGLAS K sold 7,000 shares of the company’s common stock on Sep 19 ’24 at a price of $284.68 per share for a total of $1.99 million. Following the sale, the insider now owns 75963.0 shares.
Still, SEC filings show that on Sep 13 ’24, Pesch Michael Robert (President) disposed off 7,100 shares at an average price of $296.20 for $2.1 million. The insider now directly holds 33,267 shares of Arthur J. Gallagher & Co. (AJG).
