Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) – Research analysts at Jefferies Financial Group lowered their Q3 2022 EPS estimates for shares of Arthur J. Gallagher & Co. in a report released on Wednesday, June 15th. Jefferies Financial Group analyst Y. Kinar now expects that the financial services provider will post earnings per share of $1.74 for the quarter, down from their prior forecast of $1.78. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $7.76 per share. Jefferies Financial Group also issued estimates for Arthur J. Gallagher & Co.’s FY2022 earnings at $7.85 EPS.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.77 by $0.04. Arthur J. Gallagher & Co. had a net margin of 11.41% and a return on equity of 15.45%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business earned $2.02 EPS. The business’s revenue was up 12.7% on a year-over-year basis.
NYSE AJG opened at $149.71 on Monday. Arthur J. Gallagher & Co. has a 1-year low of $135.50 and a 1-year high of $187.02. The company has a market capitalization of $31.45 billion, a P/E ratio of 32.98, a PEG ratio of 1.83 and a beta of 0.70. The business has a 50 day moving average price of $165.49 and a 200 day moving average price of $163.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.
Hedge funds have recently bought and sold shares of the company. Cresset Asset Management LLC lifted its stake in Arthur J. Gallagher & Co. by 3.3% in the 1st quarter. Cresset Asset Management LLC now owns 2,077 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 66 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Arthur J. Gallagher & Co. by 2.5% in the fourth quarter. Stratos Wealth Advisors LLC now owns 2,956 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 71 shares during the last quarter. Levy Wealth Management Group LLC raised its position in Arthur J. Gallagher & Co. by 0.3% in the first quarter. Levy Wealth Management Group LLC now owns 24,066 shares of the financial services provider’s stock valued at $4,202,000 after purchasing an additional 73 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Arthur J. Gallagher & Co. by 14.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 590 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 76 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in Arthur J. Gallagher & Co. by 2.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,873 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 78 shares during the period. 84.18% of the stock is currently owned by institutional investors.
In other news, insider Susan E. Pietrucha sold 4,966 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $162.04, for a total transaction of $804,690.64. Following the completion of the transaction, the insider now directly owns 17,160 shares of the company’s stock, valued at approximately $2,780,606.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.36%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 44.93%.
About Arthur J. Gallagher & Co. (Get Rating)
Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.
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