Analysts Anticipate Arthur J Gallagher & Co (AJG) to Post $0.56 Earnings Per Share

Wall Street analysts expect Arthur J Gallagher & Co (NYSE:AJG) to post earnings of $0.56 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Arthur J Gallagher & Co’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.50. Arthur J Gallagher & Co posted earnings per share of $0.40 in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that Arthur J Gallagher & Co will report full year earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.45 to $3.74. For the next fiscal year, analysts anticipate that the business will report earnings of $3.97 per share, with EPS estimates ranging from $3.80 to $4.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. Arthur J Gallagher & Co’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “strong-buy” rating and set a $81.00 target price for the company in a report on Monday, January 29th. ValuEngine lowered Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Wells Fargo & Co restated a “buy” rating and set a $74.00 target price on shares of Arthur J Gallagher & Co in a report on Thursday, January 25th. SunTrust Banks restated a “buy” rating and set a $75.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, January 26th. Finally, Royal Bank of Canada restated a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, December 8th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Arthur J Gallagher & Co currently has an average rating of “Buy” and an average target price of $70.67.

In other news, VP Scott R. Hudson sold 7,600 shares of the stock in a transaction on 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 sale, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Walter D. Bay sold 1,500 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.15, for a total value of $105,225.00. Following the sale, the general counsel now owns 13,284 shares of the company’s stock, valued at approximately $931,872.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,600 shares of company stock valued at $1,404,129. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of AJG. Invictus RG acquired a new stake in Arthur J Gallagher & Co during the 3rd quarter worth about $130,000. Cerebellum GP LLC acquired a new stake in Arthur J Gallagher & Co during the 4th quarter worth about $154,000. Oakworth Capital Inc. grew its position in Arthur J Gallagher & Co by 49.6% during the 4th quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 806 shares during the period. Eagle Boston Investment Management Inc. acquired a new stake in shares of Arthur J Gallagher & Co during the 3rd quarter valued at about $201,000. Finally, Doyle Wealth Management acquired a new stake in shares of Arthur J Gallagher & Co during the 3rd quarter valued at about $203,000. Institutional investors own 82.04% of the company’s stock.

Shares of Arthur J Gallagher & Co (NYSE AJG) opened at $66.11 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $11,997.45, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. Arthur J Gallagher & Co has a twelve month low of $53.63 and a twelve month high of $70.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. Arthur J Gallagher & Co’s dividend payout ratio is currently 61.42%.

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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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