Arthur J. Gallagher & Co. (AJG) Set to Announce Quarterly Earnings on Thursday

Arthur J. Gallagher & Co. (NYSE:AJG) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Arthur J. Gallagher & Co. to post earnings of $3.42 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the prior year, the company earned $1.54 EPS. On average, analysts expect Arthur J. Gallagher & Co. to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $230.52 on Thursday. The business’s fifty day moving average is $244.49 and its two-hundred day moving average is $238.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $50.32 billion, a P/E ratio of 51.92, a P/E/G ratio of 2.18 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.60 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 1.04%. Arthur J. Gallagher & Co.’s dividend payout ratio is 54.05%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,016 shares of company stock worth $7,176,180. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

A number of institutional investors have recently bought and sold shares of AJG. Norges Bank bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $1,431,788,000. Geode Capital Management LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 4,609,810 shares of the financial services provider’s stock worth $880,442,000 after buying an additional 74,974 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Arthur J. Gallagher & Co. by 40.6% during the 4th quarter. Morgan Stanley now owns 2,143,144 shares of the financial services provider’s stock worth $404,069,000 after buying an additional 619,008 shares during the period. Legal & General Group Plc grew its stake in Arthur J. Gallagher & Co. by 20.6% in the 4th quarter. Legal & General Group Plc now owns 1,611,646 shares of the financial services provider’s stock valued at $362,427,000 after buying an additional 275,393 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Arthur J. Gallagher & Co. by 21.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,215 shares of the financial services provider’s stock valued at $300,038,000 after acquiring an additional 231,389 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AJG. TD Cowen upped their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Truist Financial restated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods cut their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $255.23.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.