Quantinno Capital Management LP Has $33.99 Million Holdings in Arthur J. Gallagher & Co. $AJG

Quantinno Capital Management LP grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 34.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 156,950 shares of the financial services provider’s stock after acquiring an additional 39,893 shares during the period. Quantinno Capital Management LP’s holdings in Arthur J. Gallagher & Co. were worth $33,992,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AJG. Kemnay Advisory Services Inc. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. increased its stake in shares of 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. MV Capital Management Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $34,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $29,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $42,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

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 transaction of $618,000.00. Following the completion of the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. News Summary

Here are the key news stories impacting Arthur J. Gallagher & Co. this week:

• Positive Sentiment: Adjusted earnings beat expectations: Second-quarter adjusted earnings were $2.84 per share, $0.03 above the consensus estimate and up from $2.33 a year earlier. Arthur J. Gallagher Q2 Earnings Meet Estimates
• Positive Sentiment: Strong top-line growth and capital returns: Revenue before reimbursements rose 24.3% year over year to approximately $3.96 billion. Brokerage and Risk Management revenue also increased 24%, including 6% organic growth, while Gallagher repurchased about 900,000 shares for roughly $170 million. Arthur J. Gallagher Q2 Revenue Rises
• Positive Sentiment: Dividend maintained: Gallagher declared a quarterly dividend of $0.70 per share, payable September 18 to shareholders of record September 8, supporting the income component of the investment case. Arthur J. Gallagher Announces Third Quarter Dividend
• Neutral Sentiment: Board transition: The company announced the passing of director David Johnson and changes to board leadership. The development is unlikely to materially affect near-term earnings but adds a governance transition to monitor. Arthur J. Gallagher Announces Passing of Director David Johnson
• Negative Sentiment: Revenue and reported profit disappointed: Quarterly revenue of $3.95 billion was below the roughly $4.01 billion analyst forecast. Reported net income declined to $324 million from $368 million, with diluted GAAP EPS falling to $1.25 from $1.40, creating a mixed headline despite the adjusted EPS beat.
• Negative Sentiment: Sector growth concerns remain: Investors are questioning whether Gallagher’s approximately 6% organic growth can hold as insurance pricing conditions normalize, particularly after a peer reported weak underlying growth. Arthur J. Gallagher Slides Ahead of Earnings

Analyst Upgrades and Downgrades

Several research firms have commented on AJG. Truist Financial lowered their target price on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. 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. Citigroup raised Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. Cantor Fitzgerald raised their price objective on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Wolfe Research cut Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.35.

Arthur J. Gallagher & Co. Stock Down 4.6%

AJG stock opened at $256.46 on Friday. The stock has a market capitalization of $65.88 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 1.39 and a beta of 0.50. The company has a 50-day moving average of $230.78 and a two-hundred day moving average of $224.91. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $313.55. 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 quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

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.