Arthur J Gallagher & Co (NYSE:AJG) Announces Earnings Results

Arthur J Gallagher & Co (NYSE:AJG) issued its earnings results on Thursday. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.22, MarketWatch Earnings reports. Arthur J Gallagher & Co had a net margin of 10.35% and a return on equity of 16.38%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.64 billion.

Shares of NYSE:AJG opened at $107.49 on Friday. Arthur J Gallagher & Co has a 52 week low of $65.09 and a 52 week high of $109.46. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $20.38 billion, a P/E ratio of 28.66, a PEG ratio of 2.40 and a beta of 0.75. The firm’s 50 day moving average is $99.12 and its two-hundred day moving average is $93.48.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.67%. Arthur J Gallagher & Co’s payout ratio is currently 49.32%.

In related news, Director David S. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.97, for a total transaction of $97,970.00. Following the transaction, the director now owns 48,178 shares in the company, valued at $4,719,998.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

AJG has been the topic of a number of recent research reports. Deutsche Bank raised shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Monday, July 6th. SunTrust Banks raised their target price on shares of Arthur J Gallagher & Co from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Royal Bank of Canada reissued a “buy” rating and issued a $98.00 target price on shares of Arthur J Gallagher & Co in a report on Sunday, May 3rd. Wells Fargo & Co reissued a “buy” rating and issued a $110.00 target price (up previously from $101.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, June 17th. Finally, Raymond James raised their price target on shares of Arthur J Gallagher & Co from $85.00 to $110.00 and gave the company a “strong-buy” rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Arthur J Gallagher & Co currently has a consensus rating of “Buy” and an average price target of $109.90.

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 for Arthur J Gallagher & Co (NYSE:AJG)

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