FY2028 Earnings Forecast for AJG Issued By DOWLING & PARTN

Key Points

• DOWLING & PARTN forecast FY2028 EPS of $17.50 for Arthur J. Gallagher, well above the current consensus estimate of $13.28.
• Analyst sentiment remains positive, with 14 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $289.17.
• AJG recently reported quarterly EPS of $2.84, topping estimates, while revenue rose 24.3% year over year to $3.95 billion. The company also declared a quarterly dividend of $0.70 per share, equivalent to a 1.1% annual yield.

Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) - Equities research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of Arthur J. Gallagher & Co. in a research note issued on Friday, August 14th. DOWLING & PARTN analyst J. Christiana anticipates that the financial services provider will post earnings of $17.50 per share for the year. The consensus estimate for Arthur J. Gallagher & Co.'s current full-year earnings is $13.28 per share.

AJG has been the subject of a number of other research reports. Argus raised their price objective on shares of Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the company a "buy" rating in a report on Monday. Mizuho upped their price target on shares of Arthur J. Gallagher & Co. from $287.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Wolfe Research downgraded shares of Arthur J. Gallagher & Co. from an "outperform" rating to a "peer perform" rating in a research note on Thursday, July 9th. Wells Fargo & Company cut their price target on shares of Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $235.00 to $265.00 in a research note on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $289.17.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $247.38 on Tuesday. The stock's 50-day moving average is $241.46 and its 200-day moving average is $224.57. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $313.55. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The stock has a market cap of $63.40 billion, a P/E ratio of 41.02, a price-to-earnings-growth ratio of 1.29 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The business had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The business's revenue for the quarter was up 24.3% compared to the same quarter last year.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at $1,925,062,000. T. Rowe Price Investment Management Inc. raised its position in shares of Arthur J. Gallagher & Co. by 123.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider's stock worth $1,523,636,000 after acquiring an additional 3,253,498 shares in the last quarter. Gtcr LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $514,112,000. Bank of New York Mellon Corp bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $289,484,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Arthur J. Gallagher & Co. by 9,244.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,053,636 shares of the financial services provider's stock valued at $272,670,000 after purchasing an additional 1,042,361 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the transaction, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company's stock.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 46.43%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company's core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.

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