Brokerages Expect Arthur J Gallagher & Co (NYSE:AJG) Will Post Quarterly Sales of $1.77 Billion

Wall Street brokerages predict that Arthur J Gallagher & Co (NYSE:AJG) will report $1.77 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Arthur J Gallagher & Co’s earnings. Arthur J Gallagher & Co reported sales of $1.63 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The company is scheduled to report its next earnings results after the market closes on Thursday, July 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year sales of $7.38 billion for the current fiscal year, with estimates ranging from $7.31 billion to $7.51 billion. For the next financial year, analysts expect that the company will report sales of $7.93 billion, with estimates ranging from $7.73 billion to $8.32 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. Arthur J Gallagher & Co had a net margin of 9.84% and a return on equity of 14.33%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS.

AJG has been the topic of a number of recent analyst reports. SunTrust Banks increased their price target on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Morgan Stanley increased their price target on shares of Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Barclays reissued a “buy” rating and set a $65.00 price target on shares of Owens Corning in a report on Monday, July 1st. Finally, Wells Fargo & Co increased their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $86.38.

Shares of AJG stock traded down $0.03 during trading hours on Tuesday, hitting $92.19. The company’s stock had a trading volume of 1,190,922 shares, compared to its average volume of 1,023,293. The stock has a 50 day simple moving average of $87.94. The stock has a market cap of $17.01 billion, a PE ratio of 26.72, a PEG ratio of 2.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.12 and a current ratio of 1.12. Arthur J Gallagher & Co has a 12-month low of $68.19 and a 12-month high of $92.37.

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

In other Arthur J Gallagher & Co news, Director William L. Bax sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $85.11, for a total transaction of $102,132.00. Following the completion of the transaction, the director now directly owns 40,570 shares in the company, valued at $3,452,912.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 800 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $83.08, for a total transaction of $66,464.00. Following the transaction, the director now owns 6,500 shares of the company’s stock, valued at $540,020. The disclosure for this sale can be found here. Insiders have sold 10,124 shares of company stock worth $848,399 over the last three months. 1.30% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new position in Arthur J Gallagher & Co during the first quarter worth $25,000. Quadrant Capital Group LLC raised its position in shares of Arthur J Gallagher & Co by 156.9% in the first quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock valued at $38,000 after buying an additional 309 shares during the last quarter. Private Ocean LLC acquired a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at about $39,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Arthur J Gallagher & Co by 675.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 574 shares of the financial services provider’s stock valued at $45,000 after buying an additional 500 shares during the last quarter. Finally, Thor Advisors LLC acquired a new stake in shares of Arthur J Gallagher & Co in the first quarter valued at about $67,000. Institutional investors own 81.06% of the company’s stock.

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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