Zacks: Brokerages Anticipate Arthur J Gallagher & Co (NYSE:AJG) to Announce $0.80 Earnings Per Share

Equities research analysts expect Arthur J Gallagher & Co (NYSE:AJG) to report $0.80 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Arthur J Gallagher & Co’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.77. Arthur J Gallagher & Co reported earnings per share of $0.78 during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Arthur J Gallagher & Co will report full year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.60 to $3.70. For the next year, analysts expect that the company will post earnings of $4.18 per share, with EPS estimates ranging from $4.05 to $4.35. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Arthur J Gallagher & Co had a return on equity of 14.19% and a net margin of 9.77%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. Arthur J Gallagher & Co’s revenue was up 1.4% compared to the same quarter last year.



Several equities research analysts recently issued reports on AJG shares. Credit Suisse Group reiterated an “outperform” rating and set a $93.00 price target (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a report on Tuesday, July 23rd. Wells Fargo & Co upped their price target on Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Barclays set a $107.00 price target on Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada set a $90.00 price target on Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $90.00.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $90.84, for a total value of $204,390.00. Following the transaction, the director now owns 30,232 shares of the company’s stock, valued at $2,746,274.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. River & Mercantile Asset Management LLP purchased a new position in shares of Arthur J Gallagher & Co during the 2nd quarter valued at $2,778,000. Atria Investments LLC lifted its position in shares of Arthur J Gallagher & Co by 6.6% during the 2nd quarter. Atria Investments LLC now owns 8,954 shares of the financial services provider’s stock valued at $800,000 after buying an additional 553 shares during the last quarter. RFG Advisory LLC lifted its position in shares of Arthur J Gallagher & Co by 2.5% during the 2nd quarter. RFG Advisory LLC now owns 7,725 shares of the financial services provider’s stock valued at $678,000 after buying an additional 188 shares during the last quarter. BlackRock Inc. lifted its position in shares of Arthur J Gallagher & Co by 1.0% during the 2nd quarter. BlackRock Inc. now owns 19,169,460 shares of the financial services provider’s stock valued at $1,679,052,000 after buying an additional 185,656 shares during the last quarter. Finally, Natixis lifted its position in shares of Arthur J Gallagher & Co by 4.3% during the 2nd quarter. Natixis now owns 84,164 shares of the financial services provider’s stock valued at $7,372,000 after buying an additional 3,448 shares during the last quarter. 81.62% of the stock is currently owned by institutional investors and hedge funds.

Arthur J Gallagher & Co stock traded down $0.28 during trading on Friday, hitting $89.19. 9,674 shares of the company were exchanged, compared to its average volume of 893,311. The business’s 50 day moving average is $89.33 and its 200 day moving average is $85.48. Arthur J Gallagher & Co has a 52 week low of $68.19 and a 52 week high of $92.74. The company has a market capitalization of $16.72 billion, a P/E ratio of 25.86, a PEG ratio of 2.56 and a beta of 0.82. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.43 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.72 annualized dividend and a yield of 1.93%. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.86%.

About Arthur J Gallagher & Co

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

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