William Blair Research Analysts Lift Earnings Estimates for Arthur J. Gallagher & Co. (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Research analysts at William Blair raised their Q4 2024 EPS estimates for Arthur J. Gallagher & Co. in a research note issued on Monday, April 15th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $2.11 for the quarter, up from their previous estimate of $2.08. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $10.06 per share.

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

Arthur J. Gallagher & Co. Stock Up 1.5 %

NYSE AJG opened at $233.99 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. The company has a market capitalization of $51.08 billion, a P/E ratio of 52.70, a PEG ratio of 2.18 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. The company’s 50 day simple moving average is $244.43 and its 200 day simple moving average is $238.61.

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 company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same period in the previous year, the firm earned $1.54 EPS.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

Large investors have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its stake in Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 72 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the third quarter worth about $28,000. SJS Investment Consulting Inc. increased its position in Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $31,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction 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 transaction, the director now owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 sale, the vice president now directly owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,016 shares of company stock valued at $7,176,180. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

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.