$0.77 Earnings Per Share Expected for Arthur J Gallagher & Co (AJG) This Quarter

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Wall Street brokerages expect Arthur J Gallagher & Co (NYSE:AJG) to announce earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Arthur J Gallagher & Co’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.81. Arthur J Gallagher & Co reported earnings per share of $0.81 during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.9%. The company is expected to issue its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Arthur J Gallagher & Co will report full-year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.35 to $3.50. For the next financial year, analysts forecast that the firm will report earnings of $3.89 per share, with EPS estimates ranging from $3.66 to $4.05. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results 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 the consensus estimate 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 was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS.

A number of research firms recently issued reports on AJG. Citigroup set a $78.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Co reissued a “buy” rating and set a $78.00 target price on shares of Arthur J Gallagher & Co in a research report on Tuesday, July 10th. 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 reissued a “buy” rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Finally, Goldman Sachs Group began coverage on shares of Arthur J Gallagher & Co in a research report on Monday, June 18th. They set a “buy” rating and a $81.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $77.50.

AJG traded down $0.04 on Friday, reaching $71.25. 992,653 shares of the company’s stock were exchanged, compared to its average volume of 941,498. The company 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 twelve month low of $61.49 and a twelve month high of $76.49. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, September 6th. Arthur J Gallagher & Co’s dividend payout ratio is presently 53.59%.

In other Arthur J Gallagher & Co news, VP William F. Ziebell sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $74.78, for a total value of $934,750.00. Following the completion of the transaction, the vice president now owns 16,792 shares in the company, valued at approximately $1,255,705.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock was 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 owns 16,269 shares of the company’s stock, valued at approximately $1,221,639.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,752 shares of company stock valued at $3,193,109. 1.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Union Bankshares Corp boosted its stake in shares of Arthur J Gallagher & Co by 1.7% during the 3rd quarter. Union Bankshares Corp now owns 42,082 shares of the financial services provider’s stock valued at $3,132,000 after buying an additional 698 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Arthur J Gallagher & Co by 1.7% during the 2nd quarter. Tompkins Financial Corp now owns 43,562 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 735 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of Arthur J Gallagher & Co by 11.0% during the 2nd quarter. Tyers Asset Management LLC now owns 7,524 shares of the financial services provider’s stock valued at $491,000 after buying an additional 748 shares during the last quarter. Eastern Bank boosted its stake in shares of Arthur J Gallagher & Co by 2.6% during the 2nd quarter. Eastern Bank now owns 29,290 shares of the financial services provider’s stock valued at $1,912,000 after buying an additional 753 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Arthur J Gallagher & Co by 10.7% during the 1st quarter. Baird Financial Group Inc. now owns 7,797 shares of the financial services provider’s stock valued at $536,000 after buying an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

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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