Arthur J Gallagher & Co (AJG) Expected to Announce Quarterly Sales of $1.48 Billion

Wall Street analysts expect Arthur J Gallagher & Co (NYSE:AJG) to post $1.48 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Arthur J Gallagher & Co’s earnings, with the highest sales estimate coming in at $1.50 billion and the lowest estimate coming in at $1.47 billion. Arthur J Gallagher & Co reported sales of $1.39 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, January 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full year sales of $1.48 billion for the current year, with estimates ranging from $6.03 billion to $6.08 billion. For the next year, analysts expect that the business will report sales of $6.43 billion per share, with estimates ranging from $6.21 billion to $6.61 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last issued its 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. Arthur J Gallagher & Co had a return on equity of 13.56% and a net margin of 7.62%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year.

A number of analysts have weighed in on the company. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays boosted their price target on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $59.00 price target on shares of Arthur J Gallagher & Co in a research report on Tuesday, October 10th. Deutsche Bank cut Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Wednesday, October 4th. Finally, Wells Fargo & Co set a $74.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a research report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $68.22.

Arthur J Gallagher & Co (NYSE:AJG) opened at $64.75 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. Arthur J Gallagher & Co has a 52 week low of $52.58 and a 52 week high of $67.32. The company has a market capitalization of $11,640.00, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23.

In related news, 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 transaction of $496,204.00. Following the completion of the transaction, the vice president now owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AJG. Riverhead Capital Management LLC lifted its position in shares of Arthur J Gallagher & Co by 4.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,969 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 276 shares during the last quarter. Teachers Advisors LLC raised its holdings in Arthur J Gallagher & Co by 7.7% in the 2nd quarter. Teachers Advisors LLC now owns 235,619 shares of the financial services provider’s stock valued at $13,489,000 after acquiring an additional 16,851 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Arthur J Gallagher & Co by 7.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 342,861 shares of the financial services provider’s stock valued at $19,629,000 after acquiring an additional 22,898 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Arthur J Gallagher & Co by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 370,768 shares of the financial services provider’s stock valued at $21,225,000 after acquiring an additional 34,523 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Arthur J Gallagher & Co by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 32,360 shares of the financial services provider’s stock valued at $1,852,000 after acquiring an additional 753 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

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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.

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

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