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

Arthur J. Gallagher & Co. (NYSE:AJG) will be posting 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company posted $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. Stock Down 0.4 %

Shares of NYSE:AJG opened at $230.52 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. Arthur J. Gallagher & Co. has a 1 year low of $198.52 and a 1 year high of $256.10. The company has a market cap of $50.32 billion, a PE ratio of 51.92, a P/E/G ratio of 2.18 and a beta of 0.68. The stock’s 50-day moving average is $244.49 and its 200 day moving average is $238.64.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now owns 322,797 shares in the company, valued at $76,712,707.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the transaction, the vice president now owns 322,797 shares in the company, valued at $76,712,707.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David S. Johnson sold 500 shares of the business’s stock in a transaction dated 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 sale, the director now owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hobbs Group Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $35,000. Harbour Investments Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 18.0% in the fourth quarter. Harbour Investments Inc. now owns 603 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 92 shares during the period. GTS Securities LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 56.3% during the 4th quarter. GTS Securities LLC now owns 3,991 shares of the financial services provider’s stock worth $897,000 after purchasing an additional 1,438 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Arthur J. Gallagher & Co. by 1,813.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 517,479 shares of the financial services provider’s stock valued at $116,371,000 after purchasing an additional 490,438 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Arthur J. Gallagher & Co. by 20.6% in the fourth quarter. Legal & General Group Plc now owns 1,611,646 shares of the financial services provider’s stock worth $362,427,000 after purchasing an additional 275,393 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

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