Arthur J. Gallagher & Co. (NYSE:AJG) – Equities research analysts at William Blair boosted their Q2 2018 EPS estimates for Arthur J. Gallagher & Co. in a report released on Thursday. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $0.97 per share for the quarter, up from their previous forecast of $0.96. William Blair also issued estimates for Arthur J. Gallagher & Co.’s Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $0.91 EPS and FY2019 earnings at $3.48 EPS.

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

A number of other research analysts have also commented on AJG. ValuEngine lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Citigroup boosted their price target on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.38.

Arthur J. Gallagher & Co. (AJG) opened at $66.57 on Monday. The company has a market cap of $12,035.79, a price-to-earnings ratio of 22.96, a PEG ratio of 2.24 and a beta of 1.23. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. Arthur J. Gallagher & Co. has a 1 year low of $48.97 and a 1 year high of $67.32.

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 issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.40%.

In other news, Director Frank E. Jr. English sold 1,500 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the sale, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 9,967 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the sale, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock worth $1,039,067,000 after acquiring an additional 571,235 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.3% during the 2nd quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock worth $811,425,000 after acquiring an additional 187,329 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 8.0% in the third quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock worth $239,126,000 after purchasing an additional 286,471 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Arthur J. Gallagher & Co. by 7.9% in the second quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock worth $157,933,000 after purchasing an additional 201,141 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 785.9% in the second quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock worth $135,269,000 after purchasing an additional 2,096,062 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

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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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