Arthur J Gallagher & Co to Post Q1 2018 Earnings of $0.66 Per Share, Langen Mcalenn Forecasts (AJG)
Arthur J Gallagher & Co (NYSE:AJG) – Stock analysts at Langen Mcalenn upped their Q1 2018 earnings per share estimates for shares of Arthur J Gallagher & Co in a research note issued on Friday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will post earnings of $0.66 per share for the quarter, up from their previous estimate of $0.63. Langen Mcalenn also issued estimates for Arthur J Gallagher & Co’s Q3 2018 earnings at $0.90 EPS, FY2018 earnings at $3.60 EPS, Q1 2019 earnings at $0.73 EPS, Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $0.98 EPS and FY2019 earnings at $4.00 EPS.
Other analysts also recently issued reports about the company. Wells Fargo & Co set a $74.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Friday, December 8th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $77.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, December 22nd. SunTrust Banks reiterated a “buy” rating and set a $75.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $59.00 target price on shares of Arthur J Gallagher & Co in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.67.
Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results 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. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS.
Institutional investors have recently bought and sold shares of the company. Invictus RG acquired a new position in shares of Arthur J Gallagher & Co during the 3rd quarter worth $130,000. Cerebellum GP LLC acquired a new position in shares of Arthur J Gallagher & Co during the 4th quarter worth $154,000. Oakworth Capital Inc. raised its holdings in shares of Arthur J Gallagher & Co by 49.6% during the 4th quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $160,000 after buying an additional 806 shares in the last quarter. Eagle Boston Investment Management Inc. acquired a new position in shares of Arthur J Gallagher & Co during the 3rd quarter worth $201,000. Finally, Doyle Wealth Management acquired a new position in shares of Arthur J Gallagher & Co during the 3rd quarter worth $203,000. 82.04% of the stock is owned by institutional investors.
In other news, VP Thomas Joseph Gallagher sold 11,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $69.80, for a total transaction of $802,700.00. Following the completion of the sale, the vice president now directly owns 176,305 shares in the company, valued at approximately $12,306,089. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,600 shares of company stock valued at $1,404,129. Corporate insiders own 1.60% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 1st. Arthur J Gallagher & Co’s dividend payout ratio is presently 61.42%.
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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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