$1.52 Billion in Sales Expected for Arthur J. Gallagher & Co. (AJG) This Quarter

Equities analysts expect Arthur J. Gallagher & Co. (NYSE:AJG) to announce sales of $1.52 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Arthur J. Gallagher & Co.’s earnings. The highest sales estimate is $1.53 billion and the lowest is $1.52 billion. Arthur J. Gallagher & Co. posted sales of $1.41 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full year sales of $6.61 billion for the current fiscal year, with estimates ranging from $6.58 billion to $6.66 billion. For the next year, analysts anticipate that the business will report sales of $7.07 billion per share, with estimates ranging from $6.99 billion to $7.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. Arthur J. Gallagher & Co. had a return on equity of 13.95% and a net margin of 7.52%. Arthur J. Gallagher & Co.’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share.

A number of analysts have commented on AJG shares. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. SunTrust Banks restated a “buy” rating and issued a $75.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, January 26th. ValuEngine upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Citigroup upped their price objective on Arthur J. Gallagher & Co. from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Wells Fargo set a $78.00 price objective on Arthur J. Gallagher & Co. and gave the company a “buy” rating in a research report on Wednesday, March 14th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.70.

In related news, CFO Douglas K. Howell sold 5,200 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $68.17, for a total transaction of $354,484.00. Following the transaction, the chief financial officer now directly owns 43,000 shares in the company, valued at $2,931,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Jr. English sold 600 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $63.71, for a total value of $38,226.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $637,100. The disclosure for this sale can be found here. Insiders sold 21,766 shares of company stock worth $1,501,938 over the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $459,000. Colonial Trust Advisors lifted its position in Arthur J. Gallagher & Co. by 14.3% during the fourth quarter. Colonial Trust Advisors now owns 20,135 shares of the financial services provider’s stock worth $1,274,000 after buying an additional 2,525 shares during the period. Xact Kapitalforvaltning AB lifted its position in Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 82,512 shares of the financial services provider’s stock worth $5,221,000 after buying an additional 2,580 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Arthur J. Gallagher & Co. by 33.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,060 shares of the financial services provider’s stock worth $6,269,000 after buying an additional 24,626 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Arthur J. Gallagher & Co. by 19.7% during the fourth quarter. William Blair Investment Management LLC now owns 68,041 shares of the financial services provider’s stock worth $4,306,000 after buying an additional 11,202 shares during the period. Hedge funds and other institutional investors own 83.92% of the company’s stock.

AJG traded up $0.30 during trading on Wednesday, reaching $70.27. 714,998 shares of the stock were exchanged, compared to its average volume of 1,116,729. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $12,694.38, a price-to-earnings ratio of 22.96, a PEG ratio of 1.67 and a beta of 1.13. Arthur J. Gallagher & Co. has a 1 year low of $54.50 and a 1 year high of $72.77.

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Arthur J. Gallagher & Co. Company Profile

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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