Intech Investment Management LLC Grows Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Intech Investment Management LLC raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,186 shares of the financial services provider’s stock after buying an additional 38,656 shares during the period. Intech Investment Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $41,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC raised its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at $28,000. SJS Investment Consulting Inc. raised its stake in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at $45,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

AJG stock traded up $1.10 on Friday, reaching $252.06. The company had a trading volume of 550,105 shares, compared to its average volume of 737,974. Arthur J. Gallagher & Co. has a 1 year low of $198.52 and a 1 year high of $259.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average is $244.54 and its 200 day moving average is $240.80. The company has a market cap of $55.08 billion, a P/E ratio of 51.02, a PEG ratio of 2.28 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the company earned $3.03 EPS. Arthur J. Gallagher & Co.’s revenue was up 20.4% on a year-over-year basis. On average, research analysts forecast that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.95%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Richard C. Cary sold 3,395 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $254.00, for a total value of $862,330.00. Following the sale, the chief accounting officer now owns 38,314 shares of the company’s stock, valued at $9,731,756. The disclosure for this sale can be found here. In the last three months, insiders sold 51,069 shares of company stock worth $12,946,945. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AJG shares. TD Cowen lifted their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Piper Sandler cut their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Truist Financial reiterated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Finally, Argus boosted their price target on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $255.71.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.