FY2018 EPS Estimates for Arthur J Gallagher & Co Reduced by Analyst (AJG)

Arthur J Gallagher & Co (NYSE:AJG) – Research analysts at William Blair lowered their FY2018 EPS estimates for shares of Arthur J Gallagher & Co in a report released on Thursday, October 25th. William Blair analyst A. Klauber now expects that the financial services provider will post earnings of $3.47 per share for the year, down from their prior forecast of $3.50. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Arthur J Gallagher & Co’s FY2019 earnings at $4.02 EPS.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Arthur J Gallagher & Co had a return on equity of 15.50% and a net margin of 9.04%.

Several other equities analysts have also recently issued reports on AJG. ValuEngine upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. SunTrust Banks reaffirmed a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, July 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $73.00 target price on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Credit Suisse Group began coverage on Arthur J Gallagher & Co in a research note on Tuesday, August 7th. They set an “outperform” rating and a $84.00 price target on the stock. Finally, Wells Fargo & Co reissued a “buy” rating and set a $78.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Arthur J Gallagher & Co has an average rating of “Buy” and an average price target of $78.20.

Shares of AJG stock opened at $73.85 on Monday. The stock has a market capitalization of $13.52 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.09 and a beta of 1.13. Arthur J Gallagher & Co has a 52-week low of $62.04 and a 52-week high of $76.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.11 and a current ratio of 1.09.

Several institutional investors have recently modified their holdings of the business. Royal London Asset Management Ltd. acquired a new stake in shares of Arthur J Gallagher & Co during the 2nd quarter worth $4,550,000. Zacks Investment Management increased its holdings in shares of Arthur J Gallagher & Co by 0.8% during the 2nd quarter. Zacks Investment Management now owns 550,895 shares of the financial services provider’s stock worth $35,962,000 after buying an additional 4,504 shares during the last quarter. Visionary Asset Management Inc. acquired a new stake in shares of Arthur J Gallagher & Co during the 3rd quarter worth $217,000. CIBC World Markets Inc. increased its holdings in shares of Arthur J Gallagher & Co by 39.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,267 shares of the financial services provider’s stock worth $279,000 after buying an additional 1,214 shares during the last quarter. Finally, First Quadrant L P CA increased its holdings in shares of Arthur J Gallagher & Co by 56.9% during the 2nd quarter. First Quadrant L P CA now owns 328,859 shares of the financial services provider’s stock worth $21,468,000 after buying an additional 119,279 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors.

In other Arthur J Gallagher & Co news, CAO Richard C. Cary sold 12,667 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $71.95, for a total transaction of $911,390.65. Following the transaction, the chief accounting officer now owns 34,793 shares of the company’s stock, valued at approximately $2,503,356.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kay W. Mccurdy sold 3,500 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $71.10, for a total value of $248,850.00. Following the transaction, the director now directly owns 32,632 shares in the company, valued at approximately $2,320,135.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,752 shares of company stock worth $3,193,109. Corporate insiders own 1.60% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio is presently 53.59%.

About Arthur J Gallagher & Co

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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