Arthur J. Gallagher & Co. (NYSE:AJG) Given Price Target Of $51.3


As per Arthur J. Gallagher & Co. (NYSE:AJG)’s news release on 2016-07-28, its shareholders will get cash dividend of $0.38 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-02 and 2016-09-16, respectively.

The stock will commence trading ex-dividend from 2016-08-31, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Arthur J. Gallagher & Co. (NYSE:AJG) disbursed $0.38 in dividend compared to distribution of $0.38, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 2.7778%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Arthur J. Gallagher & Co. (NYSE:AJG) to attain a price target of $51.3. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $59. The low price range is set at $43 for next year while the arithmetic mean is seen at 1.83.

Eyeing Earnings Arthur J. Gallagher & Co. (NYSE:AJG) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.77 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Arthur J. Gallagher & Co. (NYSE:AJG) earnings came at $0.97 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.96 for the quarter.

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