$2.77 Earnings Per Share Expected for Arthur J. Gallagher & Co. (NYSE:AJG) This Quarter

Wall Street analysts predict that Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) will announce earnings of $2.77 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Arthur J. Gallagher & Co.’s earnings. The lowest EPS estimate is $2.66 and the highest is $2.86. Arthur J. Gallagher & Co. posted earnings of $2.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.1%. The firm is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full-year earnings of $7.79 per share for the current year, with EPS estimates ranging from $7.46 to $8.18. For the next fiscal year, analysts anticipate that the business will post earnings of $8.73 per share, with EPS estimates ranging from $8.42 to $9.14. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. Arthur J. Gallagher & Co. had a net margin of 11.10% and a return on equity of 14.07%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share.

Several research analysts have commented on the stock. Royal Bank of Canada decreased their price target on shares of Arthur J. Gallagher & Co. from $170.00 to $160.00 in a research note on Friday, January 28th. William Blair reaffirmed an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, January 27th. UBS Group began coverage on shares of Arthur J. Gallagher & Co. in a research note on Monday, April 18th. They issued a “neutral” rating and a $192.00 target price on the stock. Truist Financial lifted their target price on shares of Arthur J. Gallagher & Co. from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, April 6th. Finally, Morgan Stanley decreased their target price on shares of Arthur J. Gallagher & Co. from $173.00 to $171.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $173.59.

In related news, VP Scott R. Hudson sold 42,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $158.03, for a total transaction of $6,732,078.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Patrick Gallagher, Jr. sold 30,317 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $152.93, for a total transaction of $4,636,378.81. The disclosure for this sale can be found here. Insiders have sold 131,217 shares of company stock valued at $20,447,149 in the last ninety days. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AJG. Evoke Wealth LLC increased its position in shares of Arthur J. Gallagher & Co. by 394.7% during the fourth quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Riverview Trust Co purchased a new stake in Arthur J. Gallagher & Co. in the first quarter worth approximately $34,000. Jackson Wealth Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.8% in the third quarter. Jackson Wealth Management LLC now owns 33,254 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 269 shares during the last quarter. Country Trust Bank purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $51,000. 80.78% of the stock is owned by institutional investors.

Shares of AJG stock traded up $0.86 during trading hours on Wednesday, hitting $178.89. 1,209,452 shares of the company’s stock were exchanged, compared to its average volume of 1,008,233. The company has a market capitalization of $37.50 billion, a PE ratio of 39.67, a PEG ratio of 2.27 and a beta of 0.71. Arthur J. Gallagher & Co. has a 12-month low of $135.50 and a 12-month high of $187.02. The business’s 50 day simple moving average is $166.67 and its 200-day simple moving average is $163.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 3rd. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.48. Arthur J. Gallagher & Co.’s dividend payout ratio is 46.26%.

Arthur J. Gallagher & Co. Company Profile (Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

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

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