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

Arthur J. Gallagher & Co. (NYSE:AJG) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $3.42 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the prior year, the company 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 Up 0.4 %

Shares of NYSE AJG opened at $237.52 on Tuesday. The stock has a 50-day moving average price of $244.42 and a two-hundred day moving average price of $238.91. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 53.50, a PEG 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 paid a $0.60 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 54.05%.

Insider Activity

In related news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the sale, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock worth $7,176,180 over the last three months. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AJG shares. Truist Financial reiterated a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price target for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. TD Cowen increased their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.