Arthur J. Gallagher & Co. Expected to Earn Q3 2022 Earnings of $1.69 Per Share (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) – Stock analysts at William Blair dropped their Q3 2022 earnings estimates for shares of Arthur J. Gallagher & Co. in a research note issued on Thursday, July 28th. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $1.69 per share for the quarter, down from their prior forecast of $1.70. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $7.75 per share. William Blair also issued estimates for Arthur J. Gallagher & Co.’s Q1 2023 earnings at $3.00 EPS.

AJG has been the topic of a number of other reports. Morgan Stanley reduced their target price on shares of Arthur J. Gallagher & Co. from $171.00 to $162.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. UBS Group initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Monday, April 18th. They set a “neutral” rating and a $192.00 price objective on the stock. Royal Bank of Canada raised shares of Arthur J. Gallagher & Co. from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $182.00 to $185.00 in a report on Thursday, June 16th. Evercore ISI set a $195.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Monday, June 20th. Finally, Raymond James raised shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $185.00 to $195.00 in a report on Monday, May 2nd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.60.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $178.99 on Monday. The firm has a market cap of $37.60 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.27 and a beta of 0.67. The firm’s 50 day simple moving average is $162.65 and its 200-day simple moving average is $163.29. Arthur J. Gallagher & Co. has a one year low of $136.92 and a one year high of $187.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last issued its earnings results on Thursday, July 28th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.04 billion. Arthur J. Gallagher & Co. had a net margin of 11.41% and a return on equity of 15.45%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. FinTrust Capital Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth $25,000. Evoke Wealth LLC increased its holdings in Arthur J. Gallagher & Co. by 394.7% in the fourth quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Riverview Trust Co purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at $34,000. Ahrens Investment Partners LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at $37,000. Finally, Zullo Investment Group Inc. increased its holdings in Arthur J. Gallagher & Co. by 223.0% in the first quarter. Zullo Investment Group Inc. now owns 239 shares of the financial services provider’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 84.18% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP William F. Ziebell sold 29,434 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $149.27, for a total transaction of $4,393,613.18. Following the completion of the sale, the vice president now directly owns 27,614 shares in the company, valued at $4,121,941.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Susan E. Pietrucha sold 4,966 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $162.04, for a total transaction of $804,690.64. Following the completion of the transaction, the insider now owns 17,160 shares of the company’s stock, valued at $2,780,606.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William F. Ziebell sold 29,434 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $149.27, for a total transaction of $4,393,613.18. Following the transaction, the vice president now directly owns 27,614 shares of the company’s stock, valued at approximately $4,121,941.78. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 1.14%. Arthur J. Gallagher & Co.’s payout ratio is currently 44.93%.

About Arthur J. Gallagher & Co.

(Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

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Earnings History and Estimates for Arthur J. Gallagher & Co. (NYSE:AJG)

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