$1.61 Billion in Sales Expected for Arthur J Gallagher & Co (AJG) This Quarter

Brokerages expect Arthur J Gallagher & Co (NYSE:AJG) to announce sales of $1.61 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings, with the highest sales estimate coming in at $1.62 billion and the lowest estimate coming in at $1.59 billion. Arthur J Gallagher & Co reported sales of $1.60 billion during the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that Arthur J Gallagher & Co will report full year sales of $6.78 billion for the current fiscal year, with estimates ranging from $6.76 billion to $6.80 billion. For the next financial year, analysts expect that the business will report sales of $7.34 billion, with estimates ranging from $7.21 billion to $7.50 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.69 billion. Arthur J Gallagher & Co had a return on equity of 15.50% and a net margin of 9.04%.



Several brokerages recently commented on AJG. Zacks Investment Research lowered Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods lowered Arthur J Gallagher & Co to a “market perform” rating in a research note on Thursday, December 13th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $85.00 price target on shares of Arthur J Gallagher & Co in a research note on Tuesday, December 11th. Morgan Stanley boosted their price objective on Arthur J Gallagher & Co from $71.00 to $77.00 and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Finally, Barclays boosted their price objective on Arthur J Gallagher & Co from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.10.

AJG stock traded down $0.99 during trading on Friday, hitting $72.70. The company had a trading volume of 998,063 shares, compared to its average volume of 986,845. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.72 and a beta of 0.94. Arthur J Gallagher & Co has a fifty-two week low of $62.96 and a fifty-two week high of $79.03.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Friday, December 7th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio is currently 53.59%.

In other Arthur J Gallagher & Co news, VP Thomas Joseph Gallagher acquired 4,000 shares of Arthur J Gallagher & Co stock in a transaction on Wednesday, December 19th. The shares were bought at an average price of $73.20 per share, with a total value of $292,800.00. Following the completion of the purchase, the vice president now owns 176,958 shares in the company, valued at $12,953,325.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Fenimore Asset Management Inc. raised its position in shares of Arthur J Gallagher & Co by 0.5% during the fourth quarter. Fenimore Asset Management Inc. now owns 557,720 shares of the financial services provider’s stock worth $41,104,000 after acquiring an additional 2,991 shares during the last quarter. Cerebellum GP LLC raised its position in shares of Arthur J Gallagher & Co by 29.6% during the fourth quarter. Cerebellum GP LLC now owns 3,221 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 736 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Arthur J Gallagher & Co by 244.3% during the fourth quarter. Retirement Systems of Alabama now owns 289,913 shares of the financial services provider’s stock worth $21,367,000 after acquiring an additional 205,700 shares during the last quarter. Clarus Wealth Advisors bought a new stake in shares of Arthur J Gallagher & Co during the fourth quarter worth $228,000. Finally, Sawgrass Asset Management LLC raised its position in shares of Arthur J Gallagher & Co by 11.2% during the third quarter. Sawgrass Asset Management LLC now owns 6,030 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 605 shares during the last quarter. Institutional investors own 81.16% of the company’s stock.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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