$1.51 EPS Expected for Arthur J. Gallagher & Co. (AJG) This Quarter

Wall Street analysts predict that Arthur J. Gallagher & Co. (NYSE:AJG) will post earnings of $1.51 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings. The highest EPS estimate is $1.68 and the lowest is $1.21. Arthur J. Gallagher & Co. reported earnings of $0.40 per share in the same quarter last year, which would indicate a positive year over year growth rate of 277.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that Arthur J. Gallagher & Co. will report full-year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.63. For the next financial year, analysts forecast that the company will post earnings of $3.98 per share, with EPS estimates ranging from $3.80 to $4.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Arthur J. Gallagher & Co..

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

A number of research analysts have commented on the company. Citigroup upped their price target on Arthur J. Gallagher & Co. from $69.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 27th. ValuEngine upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Wells Fargo restated a “buy” rating and set a $74.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Thursday, January 25th. Finally, Sandler O’Neill restated a “hold” rating and set a $71.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Thursday, March 15th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Arthur J. Gallagher & Co. presently has an average rating of “Buy” and an average price target of $72.70.

NYSE:AJG opened at $69.82 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.05 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a 52 week low of $54.50 and a 52 week high of $72.77. The firm has a market cap of $12,636.32, a price-to-earnings ratio of 22.76, a PEG ratio of 1.66 and a beta of 1.13.

In other news, VP Thomas Joseph Gallagher sold 11,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $69.80, for a total transaction of $802,700.00. Following the sale, the vice president now owns 176,305 shares of the company’s stock, valued at $12,306,089. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 5,200 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $68.17, for a total value of $354,484.00. Following the sale, the chief financial officer now directly owns 43,000 shares in the company, valued at approximately $2,931,310. The disclosure for this sale can be found here. Insiders have sold 21,766 shares of company stock worth $1,501,938 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Elkfork Partners LLC purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at $459,000. Colonial Trust Advisors increased its holdings in Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Colonial Trust Advisors now owns 20,135 shares of the financial services provider’s stock valued at $1,274,000 after buying an additional 2,525 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 82,512 shares of the financial services provider’s stock valued at $5,221,000 after buying an additional 2,580 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Arthur J. Gallagher & Co. by 33.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,060 shares of the financial services provider’s stock valued at $6,269,000 after buying an additional 24,626 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Arthur J. Gallagher & Co. by 19.7% in the fourth quarter. William Blair Investment Management LLC now owns 68,041 shares of the financial services provider’s stock valued at $4,306,000 after buying an additional 11,202 shares during the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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About Arthur J. Gallagher & Co.

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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