Life Cycle Investment Partners Ltd Invests $19.71 Million in Arthur J. Gallagher & Co. $AJG

Life Cycle Investment Partners Ltd acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 76,175 shares of the financial services provider’s stock, valued at approximately $19,713,000.

Other hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. grew its stake in Arthur J. Gallagher & Co. by 870.0% during the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Rakuten Securities Inc. grew its stake in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. Financial Life Planners purchased a new position in Arthur J. Gallagher & Co. during the third quarter valued at approximately $39,000. Westside Investment Management Inc. grew its stake in Arthur J. Gallagher & Co. by 100.0% during the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Arthur J. Gallagher & Co. by 668.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 1.2%

Shares of Arthur J. Gallagher & Co. stock opened at $204.89 on Friday. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $351.23. The firm has a market cap of $52.64 billion, a PE ratio of 33.15, a PEG ratio of 1.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day simple moving average of $211.64 and a two-hundred day simple moving average of $232.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.67 earnings per share. Analysts expect that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 45.31%.

Insider Buying and Selling

In other news, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $19,552,814.40. The trade was a 4.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AJG. UBS Group set a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Thursday. Wells Fargo & Company reduced their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods dropped their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a research report on Friday, May 1st. Piper Sandler dropped their target price on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Citigroup upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $280.00 to $250.00 in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.00.

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.