Gtcr LLC Acquires New Shares in Arthur J. Gallagher & Co. $AJG

Gtcr LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the first quarter, HoldingsChannel.com reports. The firm bought 2,373,773 shares of the financial services provider’s stock, valued at approximately $514,112,000. Arthur J. Gallagher & Co. accounts for approximately 13.6% of Gtcr LLC’s holdings, making the stock its 2nd biggest holding.

Several other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management boosted its position in shares of Arthur J. Gallagher & Co. by 0.4% in the 4th quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock worth $2,604,000 after buying an additional 45 shares in the last quarter. CYBER HORNET ETFs LLC increased its holdings in Arthur J. Gallagher & Co. by 7.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 46 shares in the last quarter. SC&H Financial Advisors Inc. raised its position in Arthur J. Gallagher & Co. by 5.8% during the fourth quarter. SC&H Financial Advisors Inc. now owns 862 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 47 shares during the last quarter. Allen Capital Group LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 2.5% in the fourth quarter. Allen Capital Group LLC now owns 1,895 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 47 shares in the last quarter. Finally, Manhattan West Asset Management LLC grew its position in shares of Arthur J. Gallagher & Co. by 0.7% in the fourth quarter. Manhattan West Asset Management LLC now owns 6,870 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 2.2%

AJG stock opened at $247.57 on Friday. The company has a 50 day moving average price of $226.33 and a two-hundred day moving average price of $225.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $63.60 billion, a P/E ratio of 40.06, a PEG ratio of 1.28 and a beta of 0.50. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $315.48.

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

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AJG shares. Morgan Stanley lifted their price objective on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. UBS Group raised their price target on Arthur J. Gallagher & Co. from $250.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Jefferies Financial Group raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $265.00 in a report on Thursday, June 11th. Mizuho increased their price objective on Arthur J. Gallagher & Co. from $261.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Truist Financial dropped their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.35.

Insider Buying and Selling

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 owned 47,819 shares of the company’s stock, valued at $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Company 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.