Hsbc Holdings PLC Has $112.16 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Hsbc Holdings PLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 489,350 shares of the financial services provider’s stock after purchasing an additional 29,872 shares during the quarter. Hsbc Holdings PLC’s holdings in Arthur J. Gallagher & Co. were worth $112,158,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AJG. CYBER HORNET ETFs LLC lifted its position in Arthur J. Gallagher & Co. by 7.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 46 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of Arthur J. Gallagher & Co. by 2.5% during the 4th quarter. Allen Capital Group LLC now owns 1,895 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 47 shares in the last quarter. Pure Financial Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 6.4% in the fourth quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 49 shares during the last quarter. REAP Financial Group LLC lifted its stake in Arthur J. Gallagher & Co. by 13.8% in the 4th quarter. REAP Financial Group LLC now owns 430 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 52 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Arthur J. Gallagher & Co. by 3.2% in the first quarter. Aaron Wealth Advisors LLC now owns 1,716 shares of the financial services provider’s stock valued at $372,000 after buying an additional 54 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $262.24 on Monday. The company has a market capitalization of $67.21 billion, a PE ratio of 43.49, a P/E/G ratio of 1.59 and a beta of 0.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $254.17 and a 200 day simple moving average of $227.80. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $313.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The firm’s revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.33 earnings per share. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 13.28 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio is 46.43%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 12,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $270.08, for a total value of $3,240,960.00. Following the transaction, the general counsel directly owned 71,292 shares of the company’s stock, valued at approximately $19,254,543.36. This trade represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 3,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the transaction, the vice president owned 22,223 shares of the company’s stock, valued at $5,711,755.46. This trade represents a 13.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,500 shares of company stock worth $7,310,090. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AJG. Royal Bank Of Canada lifted their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Cantor Fitzgerald increased their target price on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings raised shares of Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Piper Sandler boosted their target price on Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, UBS Group upped their price target on shares of Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $290.28.

About Arthur J. Gallagher & Co.

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.