Equities analysts expect that Arthur J. Gallagher & Co. (NYSE:AJG) will report sales of $1.52 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings. The highest sales estimate is $1.53 billion and the lowest is $1.52 billion. Arthur J. Gallagher & Co. reported sales of $1.41 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full year sales of $6.61 billion for the current fiscal year, with estimates ranging from $6.58 billion to $6.66 billion. For the next financial year, analysts anticipate that the business will report sales of $7.07 billion per share, with estimates ranging from $6.99 billion to $7.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.48 billion. Arthur J. Gallagher & Co. had a net margin of 7.52% and a return on equity of 13.95%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share.

Several equities analysts have recently commented on the stock. Wells Fargo set a $78.00 price target on shares of Arthur J. Gallagher & Co. and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Sandler O’Neill restated a “hold” rating and set a $71.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Thursday, March 15th. William Blair upgraded shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 8th. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “strong-buy” rating and set a $81.00 price target for the company in a research report on Monday, January 29th. Finally, Barclays restated an “overweight” rating and set a $82.00 price target (up previously from $70.00) on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $72.70.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $68.76, for a total value of $103,140.00. Following the completion of the sale, the insider now directly owns 1,954 shares of the company’s stock, valued at approximately $134,357.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $63.71, for a total transaction of $38,226.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $637,100. The disclosure for this sale can be found here. Insiders sold a total of 21,766 shares of company stock valued at $1,501,938 in the last quarter. 1.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oakworth Capital Inc. lifted its holdings in Arthur J. Gallagher & Co. by 49.6% in the 4th quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 806 shares during the last quarter. Charter Trust Co. lifted its holdings in Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Charter Trust Co. now owns 10,073 shares of the financial services provider’s stock valued at $637,000 after acquiring an additional 825 shares during the last quarter. LPL Financial LLC lifted its holdings in Arthur J. Gallagher & Co. by 2.4% in the 4th quarter. LPL Financial LLC now owns 35,325 shares of the financial services provider’s stock valued at $2,235,000 after acquiring an additional 834 shares during the last quarter. Norinchukin Bank The lifted its holdings in Arthur J. Gallagher & Co. by 9.4% in the 4th quarter. Norinchukin Bank The now owns 12,193 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 24.0% in the 4th quarter. Profund Advisors LLC now owns 5,732 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 1,108 shares during the last quarter. 83.93% of the stock is owned by institutional investors.

Shares of Arthur J. Gallagher & Co. stock traded down $0.13 during trading on Wednesday, hitting $69.97. 928,425 shares of the stock were exchanged, compared to its average volume of 957,297. The firm has a market capitalization of $12,717.96, a P/E ratio of 22.87, a P/E/G ratio of 1.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.05 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a 12 month low of $54.50 and a 12 month high of $72.77.

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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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