Research Analysts Offer Predictions for Arthur J. Gallagher & Co.’s Q4 2024 Earnings (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Stock analysts at William Blair lifted their Q4 2024 earnings per share estimates for shares of Arthur J. Gallagher & Co. in a research note issued on Monday, April 15th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $2.11 per share for the quarter, up from their previous estimate of $2.08. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $10.06 per share.

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, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion for 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 previous year, the business earned $1.54 EPS.

Several other research analysts also recently commented on AJG. Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. TD Cowen boosted their price objective 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. Finally, Truist Financial reissued a “hold” rating and issued a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Stock Up 1.1 %

Shares of AJG opened at $236.57 on Thursday. The company has a market capitalization of $51.64 billion, a PE ratio of 53.28, a PEG ratio of 2.17 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. The stock’s 50-day moving average price is $244.38 and its two-hundred day moving average price is $238.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the business’s 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 sale, the vice president now directly owns 2,023 shares of the company’s stock, valued at $516,269.60. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock valued at $7,176,180 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Arthur J. Gallagher & Co.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AJG. Beaird Harris Wealth Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 72 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $31,000. 85.53% of the stock is owned by institutional investors.

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.