$0.75 Earnings Per Share Expected for Arthur J Gallagher & Co (AJG) This Quarter

Wall Street brokerages expect that Arthur J Gallagher & Co (NYSE:AJG) will post earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arthur J Gallagher & Co’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.71. Arthur J Gallagher & Co reported earnings of $0.66 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.6%. The company is expected to announce its next earnings results on Thursday, January 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.03. For the next year, analysts expect that the company will post earnings of $3.34 per share, with EPS estimates ranging from $3.24 to $3.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Arthur J Gallagher & Co.

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

A number of brokerages have commented on AJG. Zacks Investment Research cut Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and set a $77.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, December 22nd. Wells Fargo & Co set a $74.00 price objective on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Royal Bank of Canada restated a “hold” rating and set a $64.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. Finally, ValuEngine cut Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.11.

Arthur J Gallagher & Co (NYSE AJG) opened at $63.22 on Friday. The company has a market capitalization of $11,430.00, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Arthur J Gallagher & Co has a one year low of $51.96 and a one year high of $67.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 62.40%.

In related news, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the transaction, the director now owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the transaction, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AJG. Citadel Advisors LLC increased its holdings 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 valued at $135,269,000 after buying an additional 2,096,062 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Arthur J Gallagher & Co by 8,471.3% in the second quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock valued at $106,081,000 after buying an additional 1,831,326 shares during the last quarter. Vanguard Group Inc. increased its holdings in Arthur J Gallagher & Co by 3.2% in the second quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after buying an additional 571,235 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Arthur J Gallagher & Co by 927.7% in the second quarter. Renaissance Technologies LLC now owns 408,000 shares of the financial services provider’s stock valued at $23,358,000 after buying an additional 368,300 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Arthur J Gallagher & Co by 27.6% in the third quarter. Westfield Capital Management Co. LP now owns 1,349,368 shares of the financial services provider’s stock valued at $83,054,000 after buying an additional 291,510 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other 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.

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

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