3,480 Shares in Arthur J. Gallagher & Co. $AJG Purchased by Ticino Wealth

Ticino Wealth bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, HoldingsChannel reports. The firm bought 3,480 shares of the financial services provider’s stock, valued at approximately $901,000.

A number of other hedge funds have also modified their holdings of AJG. Caprock Group LLC acquired a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $9,877,000. JPMorgan Chase & Co. boosted its stake in shares of Arthur J. Gallagher & Co. by 19.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock worth $6,299,674,000 after purchasing an additional 3,330,205 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Arthur J. Gallagher & Co. by 10.2% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 65,889 shares of the financial services provider’s stock worth $20,398,000 after buying an additional 6,090 shares in the last quarter. Cincinnati Financial Corp acquired a new position in shares of Arthur J. Gallagher & Co. in the third quarter valued at approximately $42,824,000. Finally, Factory Mutual Insurance Co. raised its position in shares of Arthur J. Gallagher & Co. by 241.4% in the third quarter. Factory Mutual Insurance Co. now owns 49,500 shares of the financial services provider’s stock valued at $15,332,000 after buying an additional 35,000 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AJG has been the topic of a number of analyst reports. Royal Bank Of Canada assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 target price on the stock. Mizuho dropped their target price on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Piper Sandler dropped their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Keefe, Bruyette & Woods cut their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $273.94.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $223.11 on Tuesday. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $216.43 and its 200 day simple moving average is $244.56. The stock has a market cap of $57.36 billion, a P/E ratio of 36.35, a P/E/G ratio of 1.10 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. Equities analysts expect that Arthur J. Gallagher & Co. will post 13.19 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a $0.70 dividend. The ex-dividend date was Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 1.3%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.53%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $227.12, for a total value of $908,480.00. Following the sale, the vice president directly owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by company insiders.

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.