Arthur J. Gallagher & Co. (AJG) Expected to Post Earnings of $0.74 Per Share
Analysts expect that Arthur J. Gallagher & Co. (NYSE:AJG) will report earnings of $0.74 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.70. Arthur J. Gallagher & Co. posted earnings of $0.66 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The firm is expected to announce its next earnings report on Thursday, January 25th.
On average, analysts expect that Arthur J. Gallagher & Co. will report full year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.94 to $3.03. For the next year, analysts expect that the company will post earnings of $3.31 per share, with EPS estimates ranging from $3.21 to $3.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Arthur J. Gallagher & Co..
Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.
A number of equities research analysts have weighed in on AJG shares. Barclays lifted their price objective on Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Citigroup lifted their price target on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $59.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Arthur J. Gallagher & Co. currently has an average rating of “Buy” and an average price target of $64.38.
In other Arthur J. Gallagher & Co. news, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares in the company, valued at approximately $674,902. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas K. Howell sold 9,967 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the completion of the transaction, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Invictus RG purchased a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $130,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $201,000. Doyle Wealth Management purchased a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $203,000. Pacer Advisors Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after buying an additional 261 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at $202,000. 82.57% of the stock is owned by institutional investors.
Shares of Arthur J. Gallagher & Co. (AJG) traded up $0.74 on Friday, reaching $66.57. The company’s stock had a trading volume of 1,823,833 shares, compared to its average volume of 864,115. Arthur J. Gallagher & Co. has a 12 month low of $48.97 and a 12 month high of $67.32. The stock has a market cap of $12,040.00, a price-to-earnings ratio of 22.98, a PEG ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.34%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.15%.
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About Arthur J. Gallagher & Co.
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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