Arthur J. Gallagher & Co. Expected to Earn Q3 2022 Earnings of $1.69 Per Share (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) – Equities research analysts at William Blair decreased their Q3 2022 EPS estimates for shares of Arthur J. Gallagher & Co. in a research note issued on Thursday, July 28th. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $1.69 per share for the quarter, down from their previous forecast of $1.70. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $7.75 per share. William Blair also issued estimates for Arthur J. Gallagher & Co.’s Q1 2023 earnings at $3.00 EPS.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last announced its earnings results on Thursday, July 28th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.02. Arthur J. Gallagher & Co. had a net margin of 11.41% and a return on equity of 15.45%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis.

A number of other brokerages also recently commented on AJG. Wells Fargo & Company increased their price objective on shares of Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the company an “overweight” rating in a research report on Tuesday, April 12th. Royal Bank of Canada raised shares of Arthur J. Gallagher & Co. from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $182.00 to $185.00 in a research report on Thursday, June 16th. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $200.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, April 6th. Morgan Stanley lowered their target price on shares of Arthur J. Gallagher & Co. from $171.00 to $162.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. Finally, The Goldman Sachs Group started coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, July 12th. They issued a “buy” rating and a $198.00 target price for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.60.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $178.99 on Monday. Arthur J. Gallagher & Co. has a fifty-two week low of $136.92 and a fifty-two week high of $187.02. The firm’s 50 day moving average price is $162.65 and its 200 day moving average price is $163.29. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market cap of $37.60 billion, a P/E ratio of 39.43, a PEG ratio of 2.27 and a beta of 0.67.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, September 1st. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 44.93%.

Insider Buying and Selling

In other news, insider Susan E. Pietrucha sold 4,966 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $162.04, for a total value of $804,690.64. Following the completion of the sale, the insider now owns 17,160 shares in the company, valued at approximately $2,780,606.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP William F. Ziebell sold 29,434 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $149.27, for a total value of $4,393,613.18. Following the completion of the transaction, the vice president now owns 27,614 shares in the company, valued at approximately $4,121,941.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 4,966 shares of the 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 owns 17,160 shares of the company’s stock, valued at approximately $2,780,606.40. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

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

Large investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $25,000. Evoke Wealth LLC increased its holdings in Arthur J. Gallagher & Co. by 394.7% during the 4th quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Riverview Trust Co purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at about $34,000. Ahrens Investment Partners LLC purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at about $37,000. Finally, Zullo Investment Group Inc. increased its holdings in Arthur J. Gallagher & Co. by 223.0% during the 1st quarter. Zullo Investment Group Inc. now owns 239 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 84.18% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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

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