Twinbeech Capital LP Has $7.26 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Twinbeech Capital LP cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,592 shares of the financial services provider’s stock after selling 8,594 shares during the quarter. Twinbeech Capital LP’s holdings in Arthur J. Gallagher & Co. were worth $7,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Two Sigma Investments LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $382,000. Texas Bank & Trust Co bought a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $270,000. Tidal Investments LLC boosted its holdings in Arthur J. Gallagher & Co. by 52.3% in the fourth quarter. Tidal Investments LLC now owns 14,965 shares of the financial services provider’s stock valued at $4,248,000 after acquiring an additional 5,141 shares during the last quarter. TrinityPoint Wealth LLC boosted its holdings in Arthur J. Gallagher & Co. by 2.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 4,470 shares of the financial services provider’s stock valued at $1,269,000 after acquiring an additional 107 shares during the last quarter. Finally, Troluce Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $1,834,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AJG. Jefferies Financial Group reduced their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Truist Financial raised their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a “market perform” rating in a report on Friday, May 2nd. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price objective on the stock. Finally, Barclays lifted their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $318.57.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Up 0.4%

NYSE:AJG opened at $343.59 on Tuesday. The firm has a market capitalization of $87.99 billion, a price-to-earnings ratio of 52.70 and a beta of 0.78. Arthur J. Gallagher & Co. has a twelve month low of $244.60 and a twelve month high of $350.70. The stock’s 50 day moving average price is $331.16 and its two-hundred day moving average price is $312.51. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the firm earned $3.45 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 37.63%.

Arthur J. Gallagher & Co. 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.