Arthur J. Gallagher & Co. (AJG) Scheduled to Post Earnings on Thursday

Arthur J. Gallagher & Co. (NYSE:AJG) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $3.42 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $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 Performance

NYSE AJG opened at $237.52 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The business has a fifty day moving average of $244.42 and a 200-day moving average of $238.91. The stock has a market cap of $51.85 billion, a price-to-earnings ratio of 53.50, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, February 29th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 54.05%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the sale, the vice president now directly owns 2,023 shares of the company’s stock, valued at $516,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,016 shares of company stock valued at $7,176,180. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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