Arthur J Gallagher & Co (NYSE:AJG) – Equities researchers at William Blair upped their Q1 2018 earnings per share estimates for shares of Arthur J Gallagher & Co in a research report issued to clients and investors on Thursday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $0.68 for the quarter, up from their previous estimate of $0.65. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Arthur J Gallagher & Co’s Q2 2018 earnings at $1.08 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.64 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $1.21 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.09 EPS and FY2019 earnings at $4.15 EPS.
Other equities analysts also recently issued research reports about the company. Barclays reiterated an “overweight” rating and issued a $82.00 price objective (up previously from $70.00) on shares of Arthur J Gallagher & Co in a research report on Tuesday, February 20th. Wells Fargo & Co reiterated a “buy” rating and issued a $74.00 price objective on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research report on Monday, January 29th. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Citigroup lifted their price objective on Arthur J Gallagher & Co from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $72.78.
Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in Arthur J Gallagher & Co in the fourth quarter valued at about $108,000. Captrust Financial Advisors acquired a new position in Arthur J Gallagher & Co in the fourth quarter valued at about $109,000. Invictus RG acquired a new position in Arthur J Gallagher & Co in the third quarter valued at about $130,000. Cerebellum GP LLC acquired a new position in Arthur J Gallagher & Co in the fourth quarter valued at about $154,000. Finally, Oakworth Capital Inc. grew its stake in Arthur J Gallagher & Co by 49.6% in the fourth quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 806 shares during the period. 83.91% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Frank E. Jr. English sold 600 shares of Arthur J Gallagher & Co stock in a transaction on Friday, February 9th. The stock was sold at an average price of $63.71, for a total transaction of $38,226.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $637,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Susan E. Pietrucha sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $68.76, for a total value of $103,140.00. Following the sale, the insider now directly owns 1,954 shares of the company’s stock, valued at $134,357.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,766 shares of company stock valued at $1,501,938. 1.60% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, March 1st. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.29%. Arthur J Gallagher & Co’s payout ratio is 64.57%.
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About Arthur J Gallagher & Co
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.
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