Equities analysts predict that Arthur J Gallagher & Co (NYSE:AJG) will report earnings of $0.78 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Arthur J Gallagher & Co’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.81. Arthur J Gallagher & Co reported earnings per share of $0.81 during the same quarter last year, which suggests a negative year over year growth rate of 3.7%. The firm is expected to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.55. For the next year, analysts anticipate that the firm will report earnings of $3.90 per share, with EPS estimates ranging from $3.66 to $4.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. Arthur J Gallagher & Co had a return on equity of 15.93% and a net margin of 9.34%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm posted $0.48 EPS. Arthur J Gallagher & Co’s quarterly revenue was up 11.7% compared to the same quarter last year.

A number of brokerages have recently issued reports on AJG. Credit Suisse Group began coverage on Arthur J Gallagher & Co in a report on Tuesday, August 7th. They issued an “outperform” rating and a $84.00 target price for the company. Wells Fargo & Co reissued a “buy” rating and issued a $78.00 target price on shares of Arthur J Gallagher & Co in a report on Thursday, June 14th. Royal Bank of Canada reissued a “hold” rating and issued a $73.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. William Blair reissued a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday. Finally, Goldman Sachs Group began coverage on Arthur J Gallagher & Co in a report on Monday, June 18th. They issued a “buy” rating and a $81.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Arthur J Gallagher & Co presently has a consensus rating of “Buy” and a consensus price target of $75.64.

Shares of AJG opened at $72.21 on Thursday. Arthur J Gallagher & Co has a 1 year low of $57.19 and a 1 year high of $73.11. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $12.94 billion, a PE ratio of 23.60, a P/E/G ratio of 1.98 and a beta of 1.18.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.64 dividend on an annualized basis and a yield of 2.27%. Arthur J Gallagher & Co’s dividend payout ratio is 53.59%.

In other Arthur J Gallagher & Co news, CEO J Patrick Gallagher, Jr. purchased 9,090 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The stock was purchased at an average cost of $66.11 per share, with a total value of $600,939.90. Following the acquisition, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at approximately $3,417,754.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kay W. Mccurdy sold 3,500 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $71.10, for a total value of $248,850.00. Following the sale, the director now directly owns 32,632 shares of the company’s stock, valued at $2,320,135.20. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Advisory Inc. bought a new position in Arthur J Gallagher & Co in the 2nd quarter valued at $240,671,000. Millennium Management LLC boosted its position in Arthur J Gallagher & Co by 136.2% in the 2nd quarter. Millennium Management LLC now owns 2,030,149 shares of the financial services provider’s stock valued at $132,528,000 after buying an additional 1,170,683 shares during the last quarter. Baird Financial Group Inc. boosted its position in Arthur J Gallagher & Co by 6,475.5% in the 2nd quarter. Baird Financial Group Inc. now owns 512,695 shares of the financial services provider’s stock valued at $33,469,000 after buying an additional 504,898 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Arthur J Gallagher & Co by 231.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 650,274 shares of the financial services provider’s stock valued at $42,450,000 after buying an additional 454,149 shares during the last quarter. Finally, US Bancorp DE boosted its position in Arthur J Gallagher & Co by 404.6% in the 2nd quarter. US Bancorp DE now owns 417,551 shares of the financial services provider’s stock valued at $27,259,000 after buying an additional 334,800 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Earnings History and Estimates for Arthur J Gallagher & Co (NYSE:AJG)

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