Brokers Set Expectations for Arthur J. Gallagher & Co.’s FY2017 Earnings (AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Stock analysts at SunTrust Banks decreased their FY2017 earnings estimates for Arthur J. Gallagher & Co. in a research report issued to clients and investors on Friday. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings per share of $3.02 for the year, down from their previous estimate of $3.05. SunTrust Banks also issued estimates for Arthur J. Gallagher & Co.’s Q4 2017 earnings at $0.76 EPS, Q2 2018 earnings at $1.13 EPS and Q4 2018 earnings at $0.82 EPS.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share.

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Several other equities analysts have also issued reports on AJG. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Citigroup Inc. boosted their price objective on shares of Arthur J. Gallagher & Co. from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, April 7th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, April 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.67.

Arthur J. Gallagher & Co. (NYSE AJG) traded down 0.7462% during mid-day trading on Monday, hitting $58.7483. The stock had a trading volume of 172,114 shares. The company has a market cap of $10.58 billion, a P/E ratio of 23.6888 and a beta of 1.19. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $59.64. The company has a 50-day moving average price of $57.89 and a 200 day moving average price of $56.37.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Somerset Trust Co raised its position in Arthur J. Gallagher & Co. by 0.3% in the second quarter. Somerset Trust Co now owns 8,698 shares of the financial services provider’s stock valued at $498,000 after buying an additional 22 shares in the last quarter. Private Advisory Group LLC raised its position in Arthur J. Gallagher & Co. by 0.7% in the first quarter. Private Advisory Group LLC now owns 4,747 shares of the financial services provider’s stock valued at $268,000 after buying an additional 32 shares in the last quarter. Contravisory Investment Management Inc. raised its position in Arthur J. Gallagher & Co. by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,775 shares of the financial services provider’s stock valued at $273,000 after buying an additional 32 shares in the last quarter. Cleararc Capital Inc. raised its position in Arthur J. Gallagher & Co. by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,349 shares of the financial services provider’s stock valued at $246,000 after buying an additional 40 shares in the last quarter. Finally, Advantus Capital Management Inc raised its position in Arthur J. Gallagher & Co. by 0.4% in the first quarter. Advantus Capital Management Inc now owns 17,875 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 70 shares in the last quarter. Institutional investors own 82.66% of the company’s stock.

In other news, Director Frank E. Jr. English sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $58.49, for a total transaction of $58,490.00. Following the transaction, the director now directly owns 12,100 shares in the company, valued at approximately $707,729. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William F. Ziebell sold 7,764 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $56.59, for a total transaction of $439,364.76. Following the transaction, the vice president now owns 8,495 shares in the company, valued at $480,732.05. The disclosure for this sale can be found here. Insiders have sold a total of 32,897 shares of company stock worth $1,906,551 over the last 90 days. 1.60% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.64%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 62.90%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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

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