Brokerages expect that Arthur J Gallagher & Co (NYSE:AJG) will announce earnings of $0.80 per share for the current quarter, Zacks reports. Two analysts have made estimates for Arthur J Gallagher & Co’s earnings, with estimates ranging from $0.77 to $0.83. Arthur J Gallagher & Co posted earnings of $0.78 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.

On average, 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 $3.59 to $3.70. For the next year, analysts forecast that the firm will report earnings of $4.18 per share, with EPS estimates ranging from $4.05 to $4.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Arthur J Gallagher & Co had a net margin of 9.77% and a return on equity of 14.19%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis.

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

Shares of NYSE AJG traded down $0.83 during midday trading on Friday, reaching $86.98. 1,083,406 shares of the company traded hands, compared to its average volume of 1,015,275. Arthur J Gallagher & Co has a 52 week low of $68.19 and a 52 week high of $92.74. The stock has a 50-day moving average price of $89.77 and a 200 day moving average price of $85.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.51 and a beta of 0.82.

The firm also recently declared 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. This represents a $1.72 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, September 5th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

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

A number of institutional investors and hedge funds have recently modified their holdings of AJG. JPMorgan Chase & Co. increased its stake in Arthur J Gallagher & Co by 52.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,432,371 shares of the financial services provider’s stock worth $724,679,000 after purchasing an additional 2,895,732 shares in the last quarter. Invesco Ltd. increased its stake in Arthur J Gallagher & Co by 51.4% in the 2nd quarter. Invesco Ltd. now owns 4,113,457 shares of the financial services provider’s stock worth $360,298,000 after purchasing an additional 1,397,053 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Arthur J Gallagher & Co by 3,883.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 807,358 shares of the financial services provider’s stock worth $70,717,000 after purchasing an additional 787,091 shares in the last quarter. Investec Asset Management LTD increased its stake in Arthur J Gallagher & Co by 391.5% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the financial services provider’s stock worth $11,557,000 after purchasing an additional 516,562 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Arthur J Gallagher & Co by 16.3% in the 4th quarter. Geode Capital Management LLC now owns 2,549,309 shares of the financial services provider’s stock worth $187,573,000 after purchasing an additional 358,129 shares in the last quarter. 82.49% of the stock is currently owned by hedge funds and other institutional investors.

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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