Arthur J. Gallagher & Co. (NYSE:AJG) – Research analysts at William Blair upped their Q2 2018 earnings per share (EPS) estimates for shares of Arthur J. Gallagher & Co. in a report issued on Thursday. William Blair analyst A. Klauber now expects that the financial services provider will post earnings of $0.97 per share for the quarter, up from their previous estimate of $0.96. William Blair also issued estimates for Arthur J. Gallagher & Co.’s Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $0.91 EPS and FY2019 earnings at $3.48 EPS.
Several other analysts have also recently commented on the company. ValuEngine cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group increased their target price on Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Barclays increased their target price on Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $59.00 target price on shares of Arthur J. Gallagher & Co. in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $64.38.
Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J. Gallagher & Co. had a return on equity of 13.56% and a net margin of 7.62%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio is 62.40%.
In related news, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $59.98, for a total value of $597,820.66. Following the transaction, the chief financial officer now owns 47,767 shares in the company, valued at $2,865,064.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the transaction, the director now owns 10,600 shares in the company, valued at approximately $674,902. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Invictus RG bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $130,000. Eagle Boston Investment Management Inc. bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $201,000. Doyle Wealth Management bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $203,000. Pacer Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 261 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in Arthur J. Gallagher & Co. in the second quarter valued at about $202,000. Institutional investors and hedge funds own 82.55% of the company’s stock.
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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.
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