Zacks: Analysts Anticipate Arthur J Gallagher & Co (AJG) to Announce $0.95 Earnings Per Share

Equities analysts expect Arthur J Gallagher & Co (NYSE:AJG) to post $0.95 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Arthur J Gallagher & Co’s earnings. The highest EPS estimate is $1.68 and the lowest is $0.50. Arthur J Gallagher & Co posted earnings per share of $0.40 during the same quarter last year, which indicates a positive year over year growth rate of 137.5%. The firm is expected to announce its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Arthur J Gallagher & Co will report full year earnings of $3.58 per share for the current year, with EPS estimates ranging from $3.45 to $3.69. For the next fiscal year, analysts anticipate that the business will report earnings of $3.98 per share, with EPS estimates ranging from $3.80 to $4.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Arthur J Gallagher & Co.

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Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. The company had revenue of $1.60 billion during 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 quarter in the previous year, the company posted $0.66 EPS.

A number of research firms recently weighed in on AJG. Sandler O’Neill restated a “hold” rating and issued a $71.00 target price on shares of Arthur J Gallagher & Co in a research report on Thursday, March 15th. William Blair upgraded Arthur J Gallagher & Co from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 8th. Barclays restated an “overweight” rating and issued a $82.00 target price (up previously from $70.00) on shares of Arthur J Gallagher & Co in a research report on Tuesday, February 20th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Thursday, March 29th. Finally, Wells Fargo restated a “buy” rating and issued a $74.00 target price on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Arthur J Gallagher & Co currently has an average rating of “Buy” and an average price target of $72.70.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.15, for a total value of $105,225.00. Following the transaction, the general counsel now directly owns 13,284 shares of the company’s stock, valued at approximately $931,872.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Joseph Gallagher sold 11,500 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $69.80, for a total value of $802,700.00. Following the completion of the transaction, the vice president now directly owns 176,305 shares in the company, valued at $12,306,089. The disclosure for this sale can be found here. Insiders sold a total of 21,766 shares of company stock worth $1,501,938 over the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Arthur J Gallagher & Co by 33.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,060 shares of the financial services provider’s stock worth $6,269,000 after purchasing an additional 24,626 shares during the period. Wells Fargo & Company MN increased its stake in shares of Arthur J Gallagher & Co by 9.1% during the fourth quarter. Wells Fargo & Company MN now owns 533,707 shares of the financial services provider’s stock valued at $33,773,000 after buying an additional 44,715 shares during the period. MANA Advisors LLC purchased a new position in shares of Arthur J Gallagher & Co during the fourth quarter valued at approximately $239,000. AXA purchased a new position in shares of Arthur J Gallagher & Co during the third quarter valued at approximately $10,257,000. Finally, Barings LLC purchased a new position in shares of Arthur J Gallagher & Co during the fourth quarter valued at approximately $202,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AJG traded up $0.83 during mid-day trading on Monday, reaching $69.28. The stock had a trading volume of 561,834 shares, compared to its average volume of 1,132,667. The company has a market capitalization of $12,418.61, a price-to-earnings ratio of 22.64, a PEG ratio of 1.62 and a beta of 1.13. Arthur J Gallagher & Co has a one year low of $54.50 and a one year high of $72.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.05.

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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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