Capital Research Global Investors Has $400.73 Million Position in Arthur J. Gallagher & Co. $AJG

Capital Research Global Investors increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,548,473 shares of the financial services provider’s stock after purchasing an additional 7,920 shares during the quarter. Capital Research Global Investors’ holdings in Arthur J. Gallagher & Co. were worth $400,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter worth approximately $39,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Arthur J. Gallagher & Co. by 668.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. CVA Family Office LLC raised its holdings in Arthur J. Gallagher & Co. by 84.8% in the 4th quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 84 shares in the last quarter. Finally, Entrust Financial LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $51,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer owned 47,819 shares in the company, valued at $9,850,714. The trade was a 5.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on AJG. Keefe, Bruyette & Woods dropped their price objective on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a report on Friday, May 1st. Wells Fargo & Company dropped their price objective on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group set a $240.00 price objective on Arthur J. Gallagher & Co. in a report on Thursday, May 21st. Mizuho dropped their price objective on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Barclays lifted their price objective on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $264.00.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $216.58 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $330.78. The stock has a market capitalization of $55.64 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The stock has a fifty day moving average of $210.49 and a 200-day moving average of $229.08.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the firm earned $3.67 EPS. Arthur J. Gallagher & Co.’s revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

Arthur J. Gallagher & Co. 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.