$1.48 Billion in Sales Expected for Arthur J. Gallagher & Co. (AJG) This Quarter

Equities analysts forecast that Arthur J. Gallagher & Co. (NYSE:AJG) will announce $1.48 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings, with the lowest sales estimate coming in at $1.47 billion and the highest estimate coming in at $1.50 billion. Arthur J. Gallagher & Co. posted sales of $1.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full-year sales of $1.48 billion for the current financial year, with estimates ranging from $6.03 billion to $6.08 billion. For the next fiscal year, analysts expect that the company will report sales of $6.43 billion per share, with estimates ranging from $6.21 billion to $6.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 6.9% compared to the same quarter last year.

Several brokerages recently weighed in on AJG. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group increased their target price on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Barclays PLC increased their target price on shares of Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Deutsche Bank AG lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $59.00 target price on shares of Arthur J. Gallagher & Co. in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $64.38.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 3,601 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $57.78, for a total value of $208,065.78. Following the completion of the sale, the insider now owns 4,055 shares in the company, valued at $234,297.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 1,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the sale, the director now owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,068 shares of company stock valued at $901,391. 1.60% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in AJG. Invictus RG acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at $130,000. Pacer Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 261 shares during the last quarter. Eagle Boston Investment Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $201,000. Coldstream Capital Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth about $202,000. Finally, Doyle Wealth Management acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.

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Arthur J. Gallagher & Co. (NYSE AJG) opened at $63.94 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $48.97 and a twelve month high of $64.45. The firm has a market cap of $11,585.60, a P/E ratio of 22.10, a P/E/G ratio of 2.16 and a beta of 1.22. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.40%.

Arthur J. Gallagher & Co. Company Profile

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.

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

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