Mawer Investment Management Ltd. Buys 245,029 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)


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Mawer Investment Management Ltd. lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 819,094 shares of the financial services provider’s stock after buying an additional 245,029 shares during the quarter. Mawer Investment Management Ltd. owned about 0.43% of Arthur J. Gallagher & Co. worth $101,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AJG. NuWave Investment Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth about $25,000. NEXT Financial Group Inc grew its position in shares of Arthur J. Gallagher & Co. by 410.3% during the fourth quarter. NEXT Financial Group Inc now owns 199 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $27,000. Perigon Wealth Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $43,000. Finally, CVA Family Office LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth about $48,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Several research firms recently issued reports on AJG. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Wednesday, December 16th. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $120.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, December 16th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and raised their price target for the company from $123.00 to $129.00 in a report on Friday, January 8th. Evercore ISI began coverage on Arthur J. Gallagher & Co. in a report on Wednesday, December 16th. They set an “outperform” rating and a $145.00 price target for the company. Finally, Royal Bank of Canada cut Arthur J. Gallagher & Co. from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $114.00 to $124.00 in a report on Wednesday, January 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $125.80.

Shares of Arthur J. Gallagher & Co. stock traded up $0.57 on Tuesday, reaching $121.47. The company had a trading volume of 5,589 shares, compared to its average volume of 840,665. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average price is $117.81 and its two-hundred day moving average price is $112.49. Arthur J. Gallagher & Co. has a 1 year low of $65.09 and a 1 year high of $129.12.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Wednesday, January 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.19% and a net margin of 11.04%. During the same quarter last year, the company posted $0.67 earnings per share. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 4.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 19th. Investors of record on Friday, March 5th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.58%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, March 4th. Arthur J. Gallagher & Co.’s payout ratio is 49.32%.

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 12,600 shares of the business’s stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $119.23, for a total transaction of $1,502,298.00. Following the sale, the general counsel now owns 33,022 shares in the company, valued at approximately $3,937,213.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan E. Pietrucha sold 24,950 shares of the business’s stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $116.71, for a total value of $2,911,914.50. Over the last 90 days, insiders have sold 50,434 shares of company stock worth $5,949,213. 1.40% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

Further Reading: Are sell-side analysts objective?

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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