Arthur J Gallagher & Co (NYSE:AJG) – Equities researchers at Langen Mcalenn lowered their Q4 2017 earnings per share (EPS) estimates for Arthur J Gallagher & Co in a research report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings per share of $0.75 for the quarter, down from their prior forecast of $0.76.

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

AJG has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $64.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. Credit Suisse Group upped their price target on Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $77.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 22nd. Finally, 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $68.22.

Arthur J Gallagher & Co (NYSE:AJG) opened at $63.42 on Wednesday. Arthur J Gallagher & Co has a 52 week low of $52.14 and a 52 week 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 has a market capitalization of $11,549.44, a P/E ratio of 25.37, a P/E/G ratio of 1.71 and a beta of 1.23.

Institutional investors and hedge funds have recently modified their holdings of the stock. Invictus RG purchased a new stake in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $130,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $201,000. Coldstream Capital Management Inc. purchased a new stake in shares of Arthur J Gallagher & Co during the second quarter valued at approximately $202,000. Doyle Wealth Management purchased a new stake in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $203,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $218,000. 82.52% of the stock is owned by institutional investors.

In related news, Director Frank E. Jr. English sold 1,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was 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 $674,902. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the sale, the vice president now directly owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

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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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