Arthur J. Gallagher & Co. Forecasted to Post FY2024 Earnings of $10.07 Per Share (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Research analysts at William Blair reduced their FY2024 EPS estimates for shares of Arthur J. Gallagher & Co. in a research note issued to investors on Tuesday, September 24th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $10.07 for the year, down from their prior estimate of $10.16. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $10.14 per share. William Blair also issued estimates for Arthur J. Gallagher & Co.’s Q4 2024 earnings at $2.09 EPS.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share.

Several other equities research analysts also recently commented on AJG. Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. TD Cowen lifted their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. UBS Group increased their price objective on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Piper Sandler lifted their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Barclays initiated coverage on Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $282.93.

Arthur J. Gallagher & Co. Stock Up 0.5 %

Arthur J. Gallagher & Co. stock opened at $279.41 on Friday. The firm has a market cap of $61.05 billion, a price-to-earnings ratio of 56.56, a PEG ratio of 2.37 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. The stock has a fifty day simple moving average of $286.27 and a two-hundred day simple moving average of $263.58.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Buying and Selling

In related news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,625,146.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,625,146.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,145 shares of company stock valued at $12,622,660. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Arthur J. Gallagher & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of AJG. Capital World Investors grew its position in shares of Arthur J. Gallagher & Co. by 24.9% during the fourth quarter. Capital World Investors now owns 4,433,710 shares of the financial services provider’s stock valued at $997,053,000 after purchasing an additional 884,394 shares in the last quarter. Janus Henderson Group PLC increased its stake in Arthur J. Gallagher & Co. by 180.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,228,266 shares of the financial services provider’s stock worth $307,076,000 after acquiring an additional 790,467 shares during the last quarter. Capital International Investors raised its holdings in shares of Arthur J. Gallagher & Co. by 7.0% during the 1st quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider’s stock worth $2,763,177,000 after acquiring an additional 727,325 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Arthur J. Gallagher & Co. by 219.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,043,769 shares of the financial services provider’s stock valued at $270,660,000 after acquiring an additional 717,221 shares during the last quarter. Finally, Chilton Investment Co. Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 476.2% in the fourth quarter. Chilton Investment Co. Inc. now owns 484,548 shares of the financial services provider’s stock valued at $108,965,000 after purchasing an additional 400,453 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

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.