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

Arthur J. Gallagher & Co. (NYSE:AJG) is scheduled to be announcing 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. Investors that wish to register for the company’s conference call can do so using this link.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same period last year, the company posted $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 0.2 %

AJG stock opened at $237.88 on Wednesday. The stock has a market capitalization of $51.93 billion, a P/E ratio of 53.58, a PEG ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10. The company has a 50 day moving average price of $244.45 and a two-hundred day moving average price of $238.95.

Analysts Set New Price Targets

Several research firms have commented on AJG. Keefe, Bruyette & Woods lowered their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. TD Cowen lifted their target price on shares of 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. 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. Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, Truist Financial reaffirmed 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $255.23.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock worth $7,176,180 in the last quarter. 1.60% of the stock is owned by insiders.

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.