Hsbc Holdings PLC Has $99.66 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Hsbc Holdings PLC decreased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,478 shares of the financial services provider’s stock after selling 73,999 shares during the period. Hsbc Holdings PLC owned 0.18% of Arthur J. Gallagher & Co. worth $99,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kemnay Advisory Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $26,000. MV Capital Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $34,000. Rakuten Securities Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Arthur J. Gallagher & Co. by 668.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial cut their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. Wolfe Research downgraded shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Jefferies Financial Group upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $235.00 to $265.00 in a report on Thursday, June 11th. Finally, Royal Bank Of Canada boosted their price target on Arthur J. Gallagher & Co. from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $280.35.

Insider Activity

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the transaction, the chief accounting officer owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $254.36 on Monday. The company has a market cap of $65.35 billion, a P/E ratio of 41.16, a P/E/G ratio of 1.31 and a beta of 0.50. The firm’s fifty day moving average price is $221.35 and its two-hundred day moving average price is $225.41. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $316.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the company posted $3.67 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 29.0% compared to the same quarter last year. Equities analysts expect that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were given a dividend of $0.70 per share. The ex-dividend date was Friday, June 5th. This represents a $2.80 annualized dividend and a yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 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.