Trade Report: The FY2016 EPS Estimates for Arthur J. Gallagher & Co. Decreased by Analyst (AJG)

The FY2016 EPS Estimates for Arthur J. Gallagher & Co. Decreased by Analyst (AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Equities researchers at SunTrust Banks dropped their FY2016 EPS estimates for Arthur J. Gallagher & Co. in a note issued to investors on Friday. SunTrust Banks analyst M. Hughes now forecasts that the firm will post earnings per share of $2.73 for the year, down from their previous estimate of $2.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $388.20 million. Arthur J. Gallagher & Co. had a return on equity of 12.86% and a net margin of 6.88%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share.

AJG has been the topic of a number of other reports. Barclays PLC upped their price target on Arthur J. Gallagher & Co. from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Sunday, October 2nd. Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Compass Point upped their price target on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Citigroup Inc. upped their price target on Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.69.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 48.33 on Monday. Arthur J. Gallagher & Co. has a 12-month low of $35.96 and a 12-month high of $51.24. The firm’s 50-day moving average price is $49.93 and its 200-day moving average price is $48.33. The company has a market capitalization of $8.60 billion, a PE ratio of 22.52 and a beta of 1.17.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.15%. The ex-dividend date is Wednesday, November 30th. Arthur J. Gallagher & Co.’s payout ratio is 71.03%.

In other news, insider Susan E. Pietrucha sold 6,955 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $50.35, for a total transaction of $350,184.25. Following the sale, the insider now directly owns 6,955 shares of the company’s stock, valued at approximately $350,184.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Norman L. Rosenthal sold 9,375 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $49.26, for a total transaction of $461,812.50. Following the sale, the director now directly owns 28,399 shares in the company, valued at $1,398,934.74. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AJG. Vanguard Group Inc. raised its stake in Arthur J. Gallagher & Co. by 23.4% in the second quarter. Vanguard Group Inc. now owns 15,749,325 shares of the company’s stock valued at $749,668,000 after buying an additional 2,987,125 shares during the last quarter. State Street Corp raised its stake in Arthur J. Gallagher & Co. by 22.9% in the second quarter. State Street Corp now owns 7,802,461 shares of the company’s stock valued at $371,397,000 after buying an additional 1,456,359 shares during the last quarter. Thomaspartners Inc. raised its stake in Arthur J. Gallagher & Co. by 5.3% in the second quarter. Thomaspartners Inc. now owns 2,730,810 shares of the company’s stock valued at $129,987,000 after buying an additional 136,673 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Arthur J. Gallagher & Co. by 28.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,416,335 shares of the company’s stock valued at $122,920,000 after buying an additional 541,945 shares during the last quarter. Finally, Standard Life Investments LTD raised its stake in Arthur J. Gallagher & Co. by 14.1% in the third quarter. Standard Life Investments LTD now owns 2,255,432 shares of the company’s stock valued at $114,722,000 after buying an additional 278,911 shares during the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

About Arthur J. Gallagher & Co.

Related posts

Leave a Comment