Q1 2024 Earnings Estimate for Arthur J. Gallagher & Co. Issued By William Blair (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) – Equities research analysts at William Blair dropped their Q1 2024 earnings per share (EPS) estimates for shares of 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 post earnings of $3.41 per share for the quarter, down from their prior estimate of $3.44. The consensus estimate for Arthur J. Gallagher & Co.’s current full-year earnings is $10.06 per share. William Blair also issued estimates for Arthur J. Gallagher & Co.’s Q2 2024 earnings at $2.23 EPS, Q3 2024 earnings at $2.31 EPS and FY2025 earnings at $11.24 EPS.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods decreased their target price 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. Truist Financial restated a “hold” rating and issued a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, TD Cowen increased their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One equities 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded down $0.91 during trading on Wednesday, reaching $230.52. The company’s stock had a trading volume of 736,286 shares, compared to its average volume of 871,964. The stock has a market capitalization of $50.32 billion, a PE ratio of 52.02, a P/E/G ratio of 2.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a fifty day moving average of $244.60 and a 200 day moving average of $238.70. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10.

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 (EPS) for the quarter, beating 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 period in the previous year, the company posted $1.54 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Greenleaf Trust increased its position in Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock valued at $676,000 after buying an additional 42 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after buying an additional 43 shares in the last quarter. Forte Capital LLC ADV increased its position in Arthur J. Gallagher & Co. by 1.9% during the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock valued at $539,000 after buying an additional 44 shares in the last quarter. HBK Sorce Advisory LLC increased its position in Arthur J. Gallagher & Co. by 3.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in Arthur J. Gallagher & Co. by 3.7% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David S. Johnson sold 500 shares of the firm’s 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 completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.04%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 54.05%.

About Arthur J. Gallagher & Co.

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.