Arthur J. Gallagher & Co. (NYSE:AJG) – Equities researchers at Langen Mcalenn upped their FY2017 earnings estimates for Arthur J. Gallagher & Co. in a research report issued on Monday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings per share of $3.00 for the year, up from their prior estimate of $2.98. Langen Mcalenn also issued estimates for Arthur J. Gallagher & Co.’s Q3 2018 earnings at $0.86 EPS and FY2018 earnings at $3.30 EPS.

AJG has been the topic of several other research reports. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, July 27th. Credit Suisse Group increased their price target on Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BidaskClub upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $59.00 price target on shares of Arthur J. Gallagher & Co. in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $64.38.

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Arthur J. Gallagher & Co. (AJG) traded up 0.92% on Wednesday, reaching $63.91. The company had a trading volume of 77,197 shares. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $64.05. The company’s 50 day moving average price is $61.66 and its 200-day moving average price is $58.50. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 25.77 and a beta of 1.21.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. Arthur J. Gallagher & Co.’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.40%.

In other news, VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total value 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 $5,649,003.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 3,601 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $57.78, for a total value of $208,065.78. Following the completion of 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. Over the last three months, insiders sold 23,568 shares of company stock valued at $1,393,186. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently modified their holdings of AJG. FMR LLC raised its stake in shares of Arthur J. Gallagher & Co. by 0.3% in the first quarter. FMR LLC now owns 1,067,375 shares of the financial services provider’s stock worth $60,349,000 after purchasing an additional 3,059 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Arthur J. Gallagher & Co. by 6.3% in the first quarter. Teachers Advisors LLC now owns 218,768 shares of the financial services provider’s stock worth $12,369,000 after purchasing an additional 13,032 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Arthur J. Gallagher & Co. by 5.8% in the first quarter. Thrivent Financial For Lutherans now owns 6,745 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 370 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $398,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Arthur J. Gallagher & Co. by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 724,482 shares of the financial services provider’s stock worth $40,963,000 after purchasing an additional 30,274 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

About Arthur J. Gallagher & Co.

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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