Q4 2024 EPS Estimates for Arthur J. Gallagher & Co. Increased by William Blair (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Research analysts at William Blair boosted their Q4 2024 earnings estimates for Arthur J. Gallagher & Co. in a research report issued to clients and investors on Monday, April 15th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $2.11 for the quarter, up from their prior forecast 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 released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the business posted $1.54 EPS.

A number of other equities analysts have also commented on AJG. 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. Truist Financial restated a “hold” rating and issued a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Royal Bank of Canada raised their target price on 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. Keefe, Bruyette & Woods dropped their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Finally, TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $233.99 on Thursday. The firm has a market capitalization of $51.08 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 2.18 and a beta of 0.68. 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 business’s 50-day moving average price is $244.43 and its 200-day moving average price is $238.61. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.40 annualized dividend and a dividend yield of 1.03%. 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%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director David S. Johnson sold 500 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,016 shares of company stock valued at $7,176,180. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AJG. Beaird Harris Wealth Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th 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 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $31,000. 85.53% of the stock is currently owned by hedge funds and other 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.