Equities research analysts forecast that Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) will post $2.47 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings. The lowest sales estimate is $2.39 billion and the highest is $2.56 billion. Arthur J. Gallagher & Co. posted sales of $2.13 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 16%. The firm is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full year sales of $8.71 billion for the current financial year, with estimates ranging from $8.46 billion to $9.26 billion. For the next fiscal year, analysts forecast that the company will post sales of $9.59 billion, with estimates ranging from $9.21 billion to $10.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Arthur J. Gallagher & Co..
Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Arthur J. Gallagher & Co. had a net margin of 11.10% and a return on equity of 14.07%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis.
In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 7,500 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $162.00, for a total transaction of $1,215,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Joseph Gallagher sold 36,800 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $153.24, for a total transaction of $5,639,232.00. The disclosure for this sale can be found here. Insiders sold 131,217 shares of company stock worth $20,447,149 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Evoke Wealth LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 394.7% in the 4th quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $34,000. Jackson Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Jackson Wealth Management LLC now owns 33,254 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 269 shares in the last quarter. Country Trust Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Shares of NYSE AJG opened at $184.15 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market cap of $38.60 billion, a PE ratio of 41.76, a P/E/G ratio of 2.25 and a beta of 0.71. The company has a 50-day moving average of $166.18 and a two-hundred day moving average of $163.58. Arthur J. Gallagher & Co. has a 1-year low of $135.50 and a 1-year high of $187.02.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.11%. Arthur J. Gallagher & Co.’s dividend payout ratio is 46.26%.
About Arthur J. Gallagher & Co. (Get Rating)
Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.
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