As of close of business last night, Arthur J. Gallagher & Co.’s stock clocked out at $246.23, up 0.26% from its previous closing price of $245.58. In other words, the price has increased by $+0.65 from its previous closing price. On the day, 977586 shares were traded.
Ratios:
To gain a deeper understanding of AJG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 54.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.04. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.68.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 10, 2024, initiated with a Market Perform rating and assigned the stock a target price of $249.
On January 09, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $279 to $233.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on December 15, 2023, whereas the target price for the stock was revised from $237 to $230.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Cavaness Joel D sold 1,207 shares for $255.20 per share. The transaction valued at 308,026 led to the insider holds 2,023 shares of the business.
Hudson Scott R sold 15,458 shares of AJG for $3,930,660 on Mar 13 ’24. The Vice President now owns 96,709 shares after completing the transaction at $254.28 per share. On Mar 12 ’24, another insider, Hudson Scott R, who serves as the Vice President of the company, sold 15,000 shares for $255.06 each. As a result, the insider received 3,825,900 and left with 96,709 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AJG now has a Market Capitalization of 53.75B and an Enterprise Value of 61.10B. As of this moment, Arthur’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.47, and their Forward P/E ratio for the next fiscal year is 21.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.38 while its Price-to-Book (P/B) ratio in mrq is 4.95. Its current Enterprise Value per Revenue stands at 6.07 whereas that against EBITDA is 28.05.
Stock Price History:
Over the past 52 weeks, AJG has reached a high of $256.10, while it has fallen to a 52-week low of $185.43. The 50-Day Moving Average of the stock is 242.25, while the 200-Day Moving Average is calculated to be 231.84.
Shares Statistics:
It appears that AJG traded 873.26K shares on average per day over the past three months and 967.23k shares per day over the past ten days. A total of 216.70M shares are outstanding, with a floating share count of 214.35M. Insiders hold about 1.13% of the company’s shares, while institutions hold 87.06% stake in the company. Shares short for AJG as of Feb 29, 2024 were 2.39M with a Short Ratio of 2.73, compared to 1.81M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.10% and a Short% of Float of 1.27%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.20, AJG has a forward annual dividend rate of 2.25. Against a Trailing Annual Dividend Yield of 0.90%, it implies a Forward Annual Dividend Yield of 0.97%. The stock’s 5-year Average Dividend Yield is 1.39. The current Payout Ratio is 49.76% for AJG, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Jan 19, 2001 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $3.43 for the current quarter, with a high estimate of $3.56 and a low estimate of $3.34, while EPS last year was $3.03. The consensus estimate for the next quarter is $2.26, with high estimates of $2.34 and low estimates of $2.2.
Analysts are recommending an EPS of between $10.56 and $9.9 for the fiscal current year, implying an average EPS of $10.16. EPS for the following year is $11.34, with 18 analysts recommending between $11.89 and $10.73.
Revenue Estimates
In the current quarter, 8 analysts expect revenue to total $3.18B. It ranges from a high estimate of $3.23B to a low estimate of $3.14B. As of the current estimate, Arthur J. Gallagher & Co.’s year-ago sales were $2.67B, an estimated increase of 19.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $2.78B, an increase of 15.90% less than the figure of $19.00% in the same quarter last year. There is a high estimate of $2.83B for the next quarter, whereas the lowest estimate is $2.74B.
A total of 9 analysts have provided revenue estimates for AJG’s current fiscal year. The highest revenue estimate was $11.8B, while the lowest revenue estimate was $11.33B, resulting in an average revenue estimate of $11.51B. In the same quarter a year ago, actual revenue was $9.93B, up 15.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $12.66B in the next fiscal year. The high estimate is $13.27B and the low estimate is $12.22B. The average revenue growth estimate for next year is up 10.00% from the average revenue estimate for this year.
