Arthur J. Gallagher & Co. (AJG) to Release Quarterly Earnings on Thursday

Arthur J. Gallagher & Co. (NYSE:AJG) is anticipated to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Arthur J. Gallagher & Co. to post earnings of $2.05 per share and revenue of $2,702,292.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting the consensus estimate of $2.26. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 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 Performance

NYSE AJG opened at $293.55 on Thursday. The company’s fifty day moving average is $292.07 and its two-hundred day moving average is $287.47. Arthur J. Gallagher & Co. has a 52-week low of $227.08 and a 52-week high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $73.33 billion, a price-to-earnings ratio of 55.91 and a beta of 0.76.

Analyst Ratings Changes

Several equities analysts recently issued reports on AJG shares. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Bank of America lifted their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company lifted their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus price target of $304.07.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,211,438. This trade represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.