Arthur J. Gallagher & Co. (NYSE:AJG) – Equities research analysts at Langen Mcalenn dropped their Q3 2017 earnings estimates for Arthur J. Gallagher & Co. in a report issued on Monday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will earn $0.78 per share for the quarter, down from their prior estimate of $0.80. Langen Mcalenn also issued estimates for Arthur J. Gallagher & Co.’s FY2017 earnings at $2.98 EPS.

A number of other equities research analysts have also recently commented on the stock. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Wells Fargo & Company reiterated a “buy” rating and issued a $66.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Sunday, September 17th. Barclays PLC lifted their price objective on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Citigroup Inc. lifted their price objective on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average price target of $63.43.

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Shares of Arthur J. Gallagher & Co. (AJG) opened at 61.87 on Wednesday. The firm has a 50-day moving average price of $60.00 and a 200-day moving average price of $57.85. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $62.12. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 24.95 and a beta of 1.21.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.

In other news, VP Joel D. Cavaness sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $58.73, for a total transaction of $587,300.00. Following the completion of the sale, the vice president now directly owns 96,186 shares of the company’s stock, valued at approximately $5,649,003.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $57.78, for a total transaction of $208,065.78. Following the sale, the insider now directly owns 4,055 shares of the company’s stock, valued at $234,297.90. The disclosure for this sale can be found here. Insiders have sold a total of 30,500 shares of company stock valued at $1,804,115 over the last ninety days. 1.60% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Somerset Trust Co lifted its stake in Arthur J. Gallagher & Co. by 0.3% in the second quarter. Somerset Trust Co now owns 8,698 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 22 shares during the last quarter. Private Advisory Group LLC lifted its stake in Arthur J. Gallagher & Co. by 0.7% in the first quarter. Private Advisory Group LLC now owns 4,747 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 32 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,775 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 32 shares during the last quarter. Veritable L.P. lifted its stake in Arthur J. Gallagher & Co. by 0.8% in the second quarter. Veritable L.P. now owns 4,333 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 33 shares during the last quarter. Finally, National Asset Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 0.7% in the second quarter. National Asset Management Inc. now owns 4,881 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 33 shares during the last quarter. 81.29% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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

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