Equities research analysts expect that Arthur J Gallagher & Co (NYSE:AJG) will post $1.69 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Arthur J Gallagher & Co’s earnings. Arthur J Gallagher & Co posted sales of $1.58 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The company is expected to announce its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Arthur J Gallagher & Co will report full year sales of $6.74 billion for the current financial year, with estimates ranging from $6.71 billion to $6.78 billion. For the next year, analysts expect that the business will report sales of $7.26 billion, with estimates ranging from $7.15 billion to $7.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. Arthur J Gallagher & Co’s revenue was up 11.7% compared to the same quarter last year.

Several equities analysts recently weighed in on AJG shares. Credit Suisse Group set a $84.00 target price on Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Tuesday. William Blair reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Royal Bank of Canada reiterated a “hold” rating and set a $73.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. Wells Fargo & Co reiterated a “buy” rating and set a $78.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $75.64.

In other news, Director Frank E. Jr. English sold 2,000 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $72.07, for a total value of $144,140.00. Following the sale, the director now directly owns 8,400 shares of the company’s stock, valued at $605,388. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kay W. Mccurdy sold 3,500 shares of Arthur J Gallagher & Co stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $71.10, for a total value of $248,850.00. Following the completion of the sale, the director now directly owns 32,632 shares in the company, valued at $2,320,135.20. The disclosure for this sale can be found here. Insiders sold 43,752 shares of company stock worth $3,193,109 over the last ninety days. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of AJG. Dupont Capital Management Corp increased its holdings in shares of Arthur J Gallagher & Co by 92.3% in the second quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 758 shares during the last quarter. Braun Bostich & Associates Inc. increased its stake in Arthur J Gallagher & Co by 528.7% during the second quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,491 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Arthur J Gallagher & Co during the second quarter worth approximately $127,000. Summit X LLC bought a new stake in Arthur J Gallagher & Co during the second quarter worth approximately $207,000. Finally, HRT Financial LLC bought a new stake in Arthur J Gallagher & Co during the second quarter worth approximately $208,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AJG traded down $0.53 during trading hours on Friday, hitting $74.02. The stock had a trading volume of 472,600 shares, compared to its average volume of 958,290. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.11. Arthur J Gallagher & Co has a 12 month low of $60.87 and a 12 month high of $76.49. The firm has a market capitalization of $13.72 billion, a P/E ratio of 24.36, a PEG ratio of 2.11 and a beta of 1.15.

The company also recently announced a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 53.59%.

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.

Recommended Story: What are the reasons investors use put options?

Get a free copy of the Zacks research report on Arthur J Gallagher & Co (AJG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.