Wall Street analysts forecast that Arthur J Gallagher & Co (NYSE:AJG) will report earnings per share (EPS) of $0.68 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Arthur J Gallagher & Co’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.79. Arthur J Gallagher & Co reported earnings per share of $0.65 in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The business is expected to issue its next earnings results on Thursday, July 23rd.
On average, analysts expect that Arthur J Gallagher & Co will report full year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.80 to $4.21. For the next financial year, analysts anticipate that the business will post earnings of $4.19 per share, with EPS estimates ranging from $3.99 to $4.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Arthur J Gallagher & Co.
Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Arthur J Gallagher & Co had a return on equity of 15.29% and a net margin of 9.63%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share.
A number of research firms have recently commented on AJG. Credit Suisse Group upped their target price on Arthur J Gallagher & Co from $104.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $98.00 target price on shares of Arthur J Gallagher & Co in a research note on Sunday, May 3rd. Morgan Stanley increased their price objective on Arthur J Gallagher & Co from $87.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. Cfra increased their price objective on Arthur J Gallagher & Co from $82.00 to $97.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Raymond James raised Arthur J Gallagher & Co from a “market perform” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Arthur J Gallagher & Co currently has an average rating of “Buy” and a consensus target price of $100.30.
In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 15,100 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $103.11, for a total transaction of $1,556,961.00. Following the completion of the sale, the vice president now owns 40,082 shares in the company, valued at $4,132,855.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Solstein Capital LLC purchased a new stake in Arthur J Gallagher & Co during the fourth quarter worth $26,000. Ellevest Inc. lifted its holdings in Arthur J Gallagher & Co by 115.6% during the first quarter. Ellevest Inc. now owns 332 shares of the financial services provider’s stock worth $27,000 after buying an additional 178 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of Arthur J Gallagher & Co during the 4th quarter valued at $28,000. Ameritas Investment Company LLC purchased a new stake in shares of Arthur J Gallagher & Co during the 1st quarter valued at $37,000. Finally, Capital Wealth Alliance LLC purchased a new stake in shares of Arthur J Gallagher & Co during the 4th quarter valued at $51,000. Institutional investors own 80.53% of the company’s stock.
Shares of AJG traded up $0.10 during mid-day trading on Friday, reaching $91.10. 900,224 shares of the company’s stock traded hands, compared to its average volume of 1,443,966. The stock has a market cap of $17.26 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.13 and a beta of 0.69. The stock’s 50-day moving average is $82.46 and its two-hundred day moving average is $91.82. Arthur J Gallagher & Co has a 12 month low of $65.09 and a 12 month high of $109.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.98%. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.32%.
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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