Q1 2023 EPS Estimates for Arthur J. Gallagher & Co. Boosted by Analyst (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) – Analysts at Jefferies Financial Group lifted their Q1 2023 earnings per share (EPS) estimates for Arthur J. Gallagher & Co. in a research report issued to clients and investors on Tuesday, September 20th. Jefferies Financial Group analyst Y. Kinar now forecasts that the financial services provider will post earnings of $2.98 per share for the quarter, up from their previous forecast of $2.97. Jefferies Financial Group has a “Buy” rating and a $200.00 price objective on the stock. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $7.78 per share. Jefferies Financial Group also issued estimates for Arthur J. Gallagher & Co.’s Q3 2023 earnings at $1.93 EPS.

Other equities research analysts have also issued research reports about the company. Raymond James boosted their price target on Arthur J. Gallagher & Co. from $195.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 1st. Argus assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Friday, August 26th. They set a “buy” rating and a $215.00 price objective on the stock. Royal Bank of Canada upgraded Arthur J. Gallagher & Co. from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $182.00 to $185.00 in a research note on Thursday, June 16th. The Goldman Sachs Group initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, July 12th. They set a “buy” rating and a $198.00 price target on the stock. Finally, Morgan Stanley raised their price objective on Arthur J. Gallagher & Co. from $162.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, August 19th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.55.

Arthur J. Gallagher & Co. Stock Down 1.0 %

Arthur J. Gallagher & Co. stock opened at $172.53 on Thursday. The business has a fifty day moving average price of $180.51 and a 200-day moving average price of $170.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J. Gallagher & Co. has a 1-year low of $147.32 and a 1-year high of $191.99. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 2.30 and a beta of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last posted its earnings results on Thursday, July 28th. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. Arthur J. Gallagher & Co. had a net margin of 12.31% and a return on equity of 16.62%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. Arthur J. Gallagher & Co.’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. Arthur J. Gallagher & Co.’s payout ratio is 41.21%.

Insider Activity

In related news, CFO Douglas K. Howell sold 6,000 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $190.32, for a total transaction of $1,141,920.00. Following the sale, the chief financial officer now directly owns 88,123 shares of the company’s stock, valued at $16,771,569.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director David S. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $190.14, for a total transaction of $190,140.00. Following the completion of the transaction, the director now directly owns 47,508 shares of the company’s stock, valued at approximately $9,033,171.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Douglas K. Howell sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $190.32, for a total transaction of $1,141,920.00. Following the completion of the sale, the chief financial officer now directly owns 88,123 shares of the company’s stock, valued at approximately $16,771,569.36. The disclosure for this sale can be found here. Insiders sold a total of 31,683 shares of company stock valued at $5,901,941 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Arthur J. Gallagher & Co.

Several institutional investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $25,000. Riverview Trust Co acquired a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at $34,000. Zions Bancorporation N.A. lifted its holdings in Arthur J. Gallagher & Co. by 55.1% in the 2nd quarter. Zions Bancorporation N.A. now owns 197 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Ahrens Investment Partners LLC acquired a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth $37,000. Finally, Zullo Investment Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 223.0% during the first quarter. Zullo Investment Group Inc. now owns 239 shares of the financial services provider’s stock worth $42,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

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.

Featured Articles

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

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.