Raiffeisen Bank International AG Invests $281,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Raiffeisen Bank International AG acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 988 shares of the financial services provider’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $25,000. MRP Capital Investments LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $28,000. New Age Alpha Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Johnson Financial Group Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AJG has been the subject of a number of research analyst reports. Barclays upped their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Truist Financial upped their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, April 10th. Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a “market perform” rating in a research report on Friday, May 2nd. 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $318.57.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $342.12 on Monday. The company has a market cap of $87.62 billion, a price-to-earnings ratio of 52.47 and a beta of 0.78. The stock has a 50 day simple moving average of $330.80 and a 200-day simple moving average of $312.07. Arthur J. Gallagher & Co. has a 12-month low of $244.60 and a 12-month high of $350.70. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

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

Arthur J. Gallagher & Co. Announces Dividend

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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 37.63%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.