Arthur J. Gallagher & Co. (NYSE:AJG) Stock Holdings Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,759 shares of the financial services provider’s stock after acquiring an additional 9,428 shares during the quarter. Russell Investments Group Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $22,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG raised its position in Arthur J. Gallagher & Co. by 8.5% during the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after acquiring an additional 28,359 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its position in Arthur J. Gallagher & Co. by 4.0% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 88 shares in the last quarter. Norden Group LLC acquired a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $3,841,000. Brookstone Capital Management grew its holdings in Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after purchasing an additional 5,308 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Arthur J. Gallagher & Co. by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after purchasing an additional 15,528 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $282.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Bank of America raised their price objective on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Truist Financial restated a “hold” rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 26th. Finally, Piper Sandler lowered their price objective on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $263.00.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG traded up $3.79 during midday trading on Wednesday, reaching $271.41. 161,409 shares of the company traded hands, compared to its average volume of 845,308. The firm has a market cap of $59.30 billion, a PE ratio of 54.32, a PEG ratio of 2.41 and a beta of 0.72. The stock’s 50-day simple moving average is $257.72 and its 200-day simple moving average is $246.07. Arthur J. Gallagher & Co. has a 12 month low of $212.39 and a 12 month high of $274.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $3.03 earnings per share. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.1 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.60 per share. The ex-dividend date was Friday, June 7th. This represents a $2.40 annualized dividend and a dividend yield of 0.88%. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total value of $2,634,500.00. Following the completion of the transaction, the vice president now directly owns 93,730 shares in the company, valued at approximately $24,693,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Scott R. Hudson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total value of $2,634,500.00. Following the completion of the transaction, the vice president now directly owns 93,730 shares in the company, valued at approximately $24,693,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total value of $219,164.00. Following the completion of the transaction, the director now owns 45,108 shares of the company’s stock, valued at $11,630,646.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,165 shares of company stock worth $13,629,049. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Company 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.