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

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $2.05 per share and revenue of $2,702,292.00 billion 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 - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm's revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 earnings per share. 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 Down 1.9 %

NYSE AJG traded down $5.60 on Thursday, reaching $287.90. The company had a trading volume of 1,015,453 shares, compared to its average volume of 1,948,856. The company's fifty day moving average is $291.97 and its 200-day moving average is $287.52. Arthur J. Gallagher & Co. has a 1-year low of $227.08 and a 1-year high of $316.72. The firm has a market capitalization of $71.92 billion, a price-to-earnings ratio of 54.86 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analyst Weigh In

AJG has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price target on the stock. in a research note on Monday, November 25th. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Barclays lifted their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $304.07.

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

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,626,666.10. This represents a 8.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company's stock, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.