Brokerages forecast that Arthur J Gallagher & Co (NYSE:AJG) will announce $1.69 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings. Arthur J Gallagher & Co reported sales of $1.58 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The business is scheduled to issue its next earnings report on Thursday, October 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year sales of $6.73 billion for the current fiscal year, with estimates ranging from $6.71 billion to $6.78 billion. For the next financial year, analysts expect that the company will report sales of $7.26 billion, with estimates ranging from $7.15 billion to $7.44 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Arthur J Gallagher & Co.

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

A number of brokerages have recently issued reports on AJG. Citigroup set a $78.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday. ValuEngine raised shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Credit Suisse Group set a $84.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Tuesday, September 25th. William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Finally, Wells Fargo & Co restated 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. Four equities 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 price target of $77.50.

In related news, CAO Richard C. Cary sold 12,667 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $71.95, for a total transaction of $911,390.65. Following the completion of the transaction, the chief accounting officer now owns 34,793 shares in the company, valued at $2,503,356.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kay W. Mccurdy sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $71.10, for a total transaction of $248,850.00. Following the transaction, the director now owns 32,632 shares of the company’s stock, valued at approximately $2,320,135.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,752 shares of company stock valued at $3,193,109. 1.60% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Dupont Capital Management Corp lifted its position in Arthur J Gallagher & Co by 92.3% during the second quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after purchasing 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 second quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,491 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Arthur J Gallagher & Co during the second quarter valued at $127,000. Cerebellum GP LLC bought a new position in Arthur J Gallagher & Co during the third quarter valued at $185,000. Finally, Visionary Asset Management Inc. bought a new position in Arthur J Gallagher & Co during the third quarter valued at $217,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Shares of NYSE AJG traded down $0.04 during midday trading on Monday, reaching $71.25. The stock had a trading volume of 992,653 shares, compared to its average volume of 941,498. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $13.59 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. Arthur J Gallagher & Co has a 12-month low of $61.49 and a 12-month high of $76.49.

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

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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