Equities analysts expect that Arthur J. Gallagher & Co. (NYSE:AJG) will post earnings per share (EPS) of $0.80 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Arthur J. Gallagher & Co.’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.83. Arthur J. Gallagher & Co. posted earnings per share of $0.77 in the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The company is scheduled to issue its next earnings results on Thursday, October 26th.

On average, analysts expect that Arthur J. Gallagher & Co. will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.94 to $3.02. For the next year, analysts expect that the firm will report earnings of $3.31 per share, with EPS estimates ranging from $3.24 to $3.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS.

AJG has been the subject of several research reports. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, July 27th. Zacks Investment Research lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Citigroup Inc. lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Finally, Barclays PLC boosted their price objective on Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average price target of $59.33.

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Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded down 0.14% during mid-day trading on Monday, hitting $58.30. The stock had a trading volume of 408,067 shares. The stock’s 50-day moving average is $58.33 and its 200 day moving average is $56.96. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $59.64. The company has a market cap of $10.50 billion, a PE ratio of 23.51 and a beta of 1.19.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.39 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.68%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.90%.

In related news, VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total value of $587,300.00. Following the completion of the transaction, the vice president now directly owns 96,186 shares in the company, valued at $5,649,003.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan E. Pietrucha sold 6,932 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.28, for a total value of $410,928.96. Following the completion of the transaction, the insider now owns 3,253 shares of the company’s stock, valued at $192,837.84. The disclosure for this sale can be found here. Insiders sold 37,932 shares of company stock valued at $2,233,719 over the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AJG. Sentry Investment Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 1.0% in the second quarter. Sentry Investment Management LLC now owns 13,386 shares of the financial services provider’s stock valued at $766,000 after buying an additional 137 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Arthur J. Gallagher & Co. by 26.1% in the second quarter. Toronto Dominion Bank now owns 60,788 shares of the financial services provider’s stock valued at $3,479,000 after buying an additional 12,595 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at $581,000. WINTON GROUP Ltd raised its position in shares of Arthur J. Gallagher & Co. by 93.8% in the second quarter. WINTON GROUP Ltd now owns 258,083 shares of the financial services provider’s stock valued at $14,775,000 after buying an additional 124,881 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at $230,000. Institutional investors own 81.54% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are 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.

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

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