Brokers Set Expectations for Arthur J. Gallagher & Co.’s Q3 2017 Earnings (AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Investment analysts at Langen Mcalenn lifted their Q3 2017 earnings per share estimates for Arthur J. Gallagher & Co. in a research report issued on Friday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings per share of $0.81 for the quarter, up from their prior estimate of $0.80. Langen Mcalenn also issued estimates for Arthur J. Gallagher & Co.’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $1.19 EPS and Q4 2018 earnings at $0.78 EPS.

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

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Other research analysts have also issued reports about the company. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 14th. BidaskClub raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, June 9th. Royal Bank Of Canada reissued a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, April 28th. Finally, Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.67.

Arthur J. Gallagher & Co. (AJG) opened at 59.19 on Monday. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $59.64. The firm has a 50-day moving average of $57.89 and a 200-day moving average of $56.37. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 23.87 and a beta of 1.19.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.39 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.64%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.

In other Arthur J. Gallagher & Co. news, VP William F. Ziebell sold 7,764 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $56.59, for a total transaction of $439,364.76. Following the completion of the sale, the vice president now directly owns 8,495 shares in the company, valued at approximately $480,732.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan E. Pietrucha sold 4,133 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $56.06, for a total value of $231,695.98. Following the sale, the insider now owns 112 shares of the company’s stock, valued at $6,278.72. The disclosure for this sale can be found here. Insiders sold a total of 32,897 shares of company stock worth $1,906,551 in the last three months. 1.60% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in AJG. Somerset Trust Co raised its stake in shares of Arthur J. Gallagher & Co. by 0.3% in the second quarter. Somerset Trust Co now owns 8,698 shares of the financial services provider’s stock worth $498,000 after buying an additional 22 shares during the last quarter. Private Advisory Group LLC raised its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the first quarter. Private Advisory Group LLC now owns 4,747 shares of the financial services provider’s stock worth $268,000 after buying an additional 32 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,775 shares of the financial services provider’s stock worth $273,000 after buying an additional 32 shares during the last quarter. Cleararc Capital Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,349 shares of the financial services provider’s stock worth $246,000 after buying an additional 40 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the first quarter. Advantus Capital Management Inc now owns 17,875 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 82.66% of the company’s stock.

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.

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

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