Analysts expect Arthur J Gallagher & Co (NYSE:AJG) to announce $1.69 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Arthur J Gallagher & Co’s earnings. Arthur J Gallagher & Co posted sales of $1.58 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year sales of $6.72 billion for the current financial year, with estimates ranging from $6.71 billion to $6.72 billion. For the next fiscal year, analysts anticipate that the business will report sales of $7.23 billion per share, with estimates ranging from $7.15 billion to $7.34 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. Arthur J Gallagher & Co had a net margin of 9.34% and a return on equity of 15.93%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company posted $0.48 EPS. Arthur J Gallagher & Co’s revenue was up 11.7% on a year-over-year basis.

Several equities analysts have recently commented on AJG shares. SunTrust Banks restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $73.00 price objective on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Credit Suisse Group began coverage on shares of Arthur J Gallagher & Co in a report on Tuesday, August 7th. They issued an “outperform” rating and a $84.00 price objective for the company. Wells Fargo & Co reiterated a “buy” rating and issued a $78.00 price objective on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Finally, ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Arthur J Gallagher & Co has an average rating of “Buy” and an average price target of $75.64.

Shares of Arthur J Gallagher & Co stock traded down $0.06 on Tuesday, hitting $74.13. 612,200 shares of the company traded hands, compared to its average volume of 969,355. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.70. Arthur J Gallagher & Co has a 12-month low of $59.28 and a 12-month high of $74.55. The stock has a market cap of $13.47 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.07 and a beta of 1.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, September 6th. Arthur J Gallagher & Co’s dividend payout ratio is presently 53.59%.

In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 2,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $72.07, for a total transaction of $144,140.00. Following the completion of the transaction, the director now owns 8,400 shares of the company’s stock, valued at approximately $605,388. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Richard C. Cary sold 12,667 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $71.95, for a total transaction of $911,390.65. Following the transaction, the chief accounting officer now directly owns 34,793 shares of the company’s stock, valued at approximately $2,503,356.35. The disclosure for this sale can be found here. Insiders sold 27,267 shares of company stock valued at $1,959,126 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp lifted its position in Arthur J Gallagher & Co by 92.3% during the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 758 shares during the last quarter. Braun Bostich & Associates Inc. lifted its position in Arthur J Gallagher & Co by 528.7% during the 2nd 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 acquired a new position in Arthur J Gallagher & Co during the 2nd quarter worth $127,000. CIBC World Markets Inc. acquired a new position in Arthur J Gallagher & Co during the 1st quarter worth $210,000. Finally, HRT Financial LLC acquired a new position in Arthur J Gallagher & Co during the 2nd quarter worth $208,000. 83.89% of the stock is owned by hedge funds and other institutional investors.

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.

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

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