Arthur J Gallagher & Co (NYSE:AJG) is set to issue its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, analysts expect Arthur J Gallagher & Co to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE AJG opened at $69.65 on Wednesday. Arthur J Gallagher & Co has a twelve month low of $54.50 and a twelve month high of $72.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market cap of $12,418.61, a price-to-earnings ratio of 22.76, a PEG ratio of 1.62 and a beta of 1.13.
AJG has been the topic of a number of research reports. Wells Fargo set a $74.00 price target on Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $77.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, December 22nd. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, December 27th. SunTrust Banks restated a “buy” rating and set a $75.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Finally, Citigroup raised their price target on Arthur J Gallagher & Co from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $72.70.
In other news, VP Thomas Joseph Gallagher sold 11,500 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $69.80, for a total value of $802,700.00. Following the transaction, the vice president now owns 176,305 shares in the company, valued at $12,306,089. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Walter D. Bay sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.15, for a total value of $105,225.00. Following the completion of the transaction, the general counsel now owns 13,284 shares in the company, valued at approximately $931,872.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,766 shares of company stock worth $1,501,938. Company insiders own 1.60% of the company’s stock.
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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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