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 raised their Q4 2024 earnings per share (EPS) estimates for Arthur J. Gallagher & Co. in a research note issued on Monday, April 15th. William Blair analyst A. Klauber now expects that the financial services provider will earn $2.11 per share 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.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods reduced their price objective on 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. Royal Bank of Canada upped their price target 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. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price target for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. TD Cowen upped 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. Finally, Truist Financial reaffirmed a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One 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’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus price target of $255.23.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $236.57 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $51.64 billion, a P/E ratio of 53.28, a P/E/G ratio of 2.17 and a beta of 0.68. The business’s fifty day moving average is $244.38 and its two-hundred day moving average is $238.69. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.54 earnings per share.

Arthur J. Gallagher & Co. Increases Dividend

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

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. 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 value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at $516,269.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David S. Johnson sold 500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $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 ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AJG. U.S. Capital Wealth Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 7.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 90 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Arthur J. Gallagher & Co. by 49.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock valued at $925,000 after buying an additional 1,744 shares during the last quarter. Prudential PLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $838,000. Sequoia Financial Advisors LLC lifted its position in shares of Arthur J. Gallagher & Co. by 37.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock valued at $442,000 after buying an additional 693 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Arthur J. Gallagher & Co. by 25.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock valued at $1,953,000 after buying an additional 2,235 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

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.