Brokerages expect that Arthur J Gallagher & Co (NYSE:AJG) will report $0.62 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.65. Arthur J Gallagher & Co also reported earnings per share of $0.62 during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year earnings of $3.65 per share for the current year, with EPS estimates ranging from $3.51 to $3.79. For the next fiscal year, analysts forecast that the company will report earnings of $4.21 per share, with EPS estimates ranging from $4.11 to $4.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, April 25th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Arthur J Gallagher & Co had a net margin of 9.79% and a return on equity of 14.33%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share.

AJG has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Thomson Reuters from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. SunTrust Banks boosted their target price on shares of Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Co boosted their target price on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Finally, Barclays restated a “buy” rating and set a $65.00 target price on shares of Owens Corning in a research report on Monday, July 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Arthur J Gallagher & Co presently has an average rating of “Buy” and an average price target of $86.38.

NYSE AJG traded down $0.35 on Friday, reaching $91.03. 7,823 shares of the company’s stock traded hands, compared to its average volume of 889,289. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.84. The business has a 50 day moving average of $87.17. Arthur J Gallagher & Co has a fifty-two week low of $68.10 and a fifty-two week high of $91.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.12 and a current ratio of 1.12.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.89%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 49.86%.

In other Arthur J Gallagher & Co news, insider Susan E. Pietrucha sold 1,990 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $84.29, for a total value of $167,737.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Richard C. Cary sold 6,134 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $83.48, for a total transaction of $512,066.32. Following the completion of the transaction, the chief accounting officer now owns 35,193 shares of the company’s stock, valued at approximately $2,937,911.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,124 shares of company stock valued at $848,399. Insiders own 1.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Arthur J Gallagher & Co during the fourth quarter worth about $121,988,000. Lord Abbett & CO. LLC increased its stake in shares of Arthur J Gallagher & Co by 324.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 850,699 shares of the financial services provider’s stock worth $62,697,000 after purchasing an additional 650,199 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Arthur J Gallagher & Co by 9.4% during the first quarter. JPMorgan Chase & Co. now owns 5,536,639 shares of the financial services provider’s stock worth $432,410,000 after purchasing an additional 475,061 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Arthur J Gallagher & Co by 62.4% during the first quarter. Janus Henderson Group PLC now owns 1,139,784 shares of the financial services provider’s stock worth $89,017,000 after purchasing an additional 437,771 shares in the last quarter. Finally, Hexavest Inc. purchased a new stake in shares of Arthur J Gallagher & Co during the first quarter worth about $34,110,000. Institutional investors and hedge funds own 81.03% of the company’s stock.

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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