Analysts Expect Arthur J Gallagher & Co (AJG) Will Announce Quarterly Sales of $1.61 Billion

Equities research analysts expect Arthur J Gallagher & Co (NYSE:AJG) to report $1.61 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings. The lowest sales estimate is $1.59 billion and the highest is $1.62 billion. Arthur J Gallagher & Co posted sales of $1.60 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The business is scheduled to issue its next earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Arthur J Gallagher & Co will report full-year sales of $6.78 billion for the current financial year, with estimates ranging from $6.76 billion to $6.80 billion. For the next year, analysts expect that the company will report sales of $7.34 billion, with estimates ranging from $7.21 billion to $7.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Arthur J Gallagher & Co.

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

A number of research firms recently commented on AJG. Zacks Investment Research cut Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods lowered shares of Arthur J Gallagher & Co to a “market perform” rating in a research report on Thursday, December 13th. Wells Fargo & Co reiterated a “buy” rating and issued a $85.00 price objective on shares of Arthur J Gallagher & Co in a research report on Tuesday, December 11th. Morgan Stanley boosted their price objective on shares of Arthur J Gallagher & Co from $71.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Finally, Barclays boosted their price objective on shares of Arthur J Gallagher & Co from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Arthur J Gallagher & Co has an average rating of “Hold” and an average price target of $79.10.

In related news, VP Thomas Joseph Gallagher acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was bought at an average price of $73.20 per share, with a total value of $292,800.00. Following the purchase, the vice president now directly owns 176,958 shares in the company, valued at approximately $12,953,325.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fenimore Asset Management Inc. lifted its holdings in shares of Arthur J Gallagher & Co by 0.5% during the 4th quarter. Fenimore Asset Management Inc. now owns 557,720 shares of the financial services provider’s stock valued at $41,104,000 after buying an additional 2,991 shares during the last quarter. Cerebellum GP LLC raised its stake in Arthur J Gallagher & Co by 29.6% in the fourth quarter. Cerebellum GP LLC now owns 3,221 shares of the financial services provider’s stock valued at $237,000 after buying an additional 736 shares during the period. Retirement Systems of Alabama increased its stake in Arthur J Gallagher & Co by 244.3% during the 4th quarter. Retirement Systems of Alabama now owns 289,913 shares of the financial services provider’s stock worth $21,367,000 after acquiring an additional 205,700 shares during the period. Clarus Wealth Advisors bought a new position in Arthur J Gallagher & Co during the 4th quarter worth $228,000. Finally, Sawgrass Asset Management LLC increased its stake in Arthur J Gallagher & Co by 11.2% during the 3rd quarter. Sawgrass Asset Management LLC now owns 6,030 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 605 shares during the period. 81.16% of the stock is owned by institutional investors.

Shares of Arthur J Gallagher & Co stock traded down $0.99 during trading on Friday, hitting $72.70. The stock had a trading volume of 998,063 shares, compared to its average volume of 986,845. The stock has a market cap of $13.46 billion, a P/E ratio of 23.76, a PEG ratio of 1.72 and a beta of 0.94. Arthur J Gallagher & Co has a 12 month low of $62.96 and a 12 month high of $79.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 1.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio is currently 53.59%.

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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