Arthur J. Gallagher & Co. (AJG) Expected to Earn Q3 2017 Earnings of $0.78 Per Share

Arthur J. Gallagher & Co. (NYSE:AJG) – Research analysts at Langen Mcalenn cut their Q3 2017 earnings estimates for shares of Arthur J. Gallagher & Co. in a note issued to investors on Monday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will earn $0.78 per share for the quarter, down from their prior estimate of $0.80. Langen Mcalenn also issued estimates for Arthur J. Gallagher & Co.’s FY2017 earnings at $2.98 EPS.

AJG has been the subject of several other reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, July 27th. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Barclays PLC boosted their target price on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Citigroup Inc. boosted their target price on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $63.43.

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Shares of Arthur J. Gallagher & Co. (NYSE AJG) opened at 62.04 on Wednesday. The firm has a market cap of $11.18 billion, a P/E ratio of 25.02 and a beta of 1.21. Arthur J. Gallagher & Co. has a 52 week low of $47.16 and a 52 week high of $62.14. The stock’s 50 day moving average is $60.20 and its 200 day moving average is $57.91.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Wednesday, August 30th. Arthur J. Gallagher & Co.’s payout ratio is 62.90%.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 9,967 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the transaction, the chief financial officer now directly owns 47,767 shares of the company’s stock, valued at approximately $2,865,064.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 3,601 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $57.78, for a total transaction of $208,065.78. Following the transaction, the insider now directly owns 4,055 shares of the company’s stock, valued at $234,297.90. The disclosure for this sale can be found here. Insiders have sold a total of 30,500 shares of company stock valued at $1,804,115 over the last three months. 1.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Somerset Trust Co boosted its stake in Arthur J. Gallagher & Co. by 0.3% during the 2nd quarter. Somerset Trust Co now owns 8,698 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 22 shares during the period. Private Advisory Group LLC boosted its stake in Arthur J. Gallagher & Co. by 0.7% during the 1st quarter. Private Advisory Group LLC now owns 4,747 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 32 shares during the period. Contravisory Investment Management Inc. boosted its stake in Arthur J. Gallagher & Co. by 0.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 4,775 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 32 shares during the period. Veritable L.P. boosted its stake in Arthur J. Gallagher & Co. by 0.8% during the 2nd quarter. Veritable L.P. now owns 4,333 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 33 shares during the period. Finally, National Asset Management Inc. boosted its stake in Arthur J. Gallagher & Co. by 0.7% during the 2nd quarter. National Asset Management Inc. now owns 4,881 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 33 shares during the period. 81.29% of the stock is owned by hedge funds and other institutional investors.

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.

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

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