Q3 2022 Earnings Estimate for Arthur J. Gallagher & Co. Issued By Jefferies Financial Group (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJGGet 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:AJGGet 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.

Several other equities analysts also recently weighed in on AJG. Wells Fargo & Company raised their price objective on Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the company an “overweight” rating in a research note on Tuesday, April 12th. UBS Group began coverage on Arthur J. Gallagher & Co. in a report on Monday, April 18th. They set a “neutral” rating and a $192.00 target price on the stock. Morgan Stanley lowered their target price on Arthur J. Gallagher & Co. from $171.00 to $162.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. StockNews.com started coverage on Arthur J. Gallagher & Co. in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Truist Financial raised their price objective on Arthur J. Gallagher & Co. from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $179.93.

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.

See Also

Earnings History and Estimates for Arthur J. Gallagher & Co. (NYSE:AJG)

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