Brokerages expect Arthur J Gallagher & Co (NYSE:AJG) to post earnings per share of $0.77 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings, with estimates ranging from $0.71 to $0.81. Arthur J Gallagher & Co reported earnings of $0.81 per share during the same quarter last year, which indicates a negative year over year growth rate of 4.9%. The company is scheduled to issue its next earnings results on Thursday, October 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.50. For the next year, analysts forecast that the business will post earnings of $3.89 per share, with EPS estimates ranging from $3.66 to $4.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, hitting the 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 for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. Arthur J Gallagher & Co’s revenue was up 11.7% on a year-over-year basis.

Several research firms recently issued reports on AJG. ValuEngine upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Credit Suisse Group set a $84.00 price objective on Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Tuesday, September 25th. William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, August 16th. Royal Bank of Canada restated a “hold” rating and issued a $73.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $78.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $77.50.

AJG traded down $0.04 on Friday, hitting $71.25. 992,653 shares of the company were exchanged, compared to its average volume of 941,498. Arthur J Gallagher & Co has a 12 month low of $61.49 and a 12 month high of $76.49. The firm has a market capitalization of $13.59 billion, a PE ratio of 23.28, a PEG ratio of 2.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.11.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.64 annualized dividend and a yield of 2.30%. Arthur J Gallagher & Co’s dividend payout ratio is 53.59%.

In other news, Director Kay W. Mccurdy sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $71.10, for a total value of $248,850.00. Following the transaction, the director now owns 32,632 shares of the company’s stock, valued at $2,320,135.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Walter D. Bay sold 3,985 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $75.09, for a total value of $299,233.65. Following the completion of the transaction, the general counsel now directly owns 16,269 shares in the company, valued at approximately $1,221,639.21. The disclosure for this sale can be found here. Insiders sold 43,752 shares of company stock worth $3,193,109 in the last ninety days. 1.60% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of AJG. Bank of Montreal Can grew its position in Arthur J Gallagher & Co by 33.3% during the third quarter. Bank of Montreal Can now owns 254,892 shares of the financial services provider’s stock worth $18,975,000 after buying an additional 63,628 shares in the last quarter. Union Bankshares Corp grew its position in Arthur J Gallagher & Co by 1.7% during the third quarter. Union Bankshares Corp now owns 42,082 shares of the financial services provider’s stock worth $3,132,000 after buying an additional 698 shares in the last quarter. Iberiabank Corp grew its position in Arthur J Gallagher & Co by 43.8% during the third quarter. Iberiabank Corp now owns 9,367 shares of the financial services provider’s stock worth $697,000 after buying an additional 2,854 shares in the last quarter. State of Alaska Department of Revenue grew its position in Arthur J Gallagher & Co by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 51,945 shares of the financial services provider’s stock worth $3,865,000 after buying an additional 1,320 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new stake in Arthur J Gallagher & Co during the third quarter worth approximately $185,000. 81.90% of the stock is currently owned by institutional investors.

Arthur J Gallagher & Co Company Profile

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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