Oddo BHF Asset Management Sas Has $440,000 Position in Arthur J. Gallagher & Co. $AJG

Oddo BHF Asset Management Sas lessened its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 66.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,700 shares of the financial services provider’s stock after selling 3,303 shares during the period. Oddo BHF Asset Management Sas’ holdings in Arthur J. Gallagher & Co. were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. L2 Asset Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 7.4% during the 4th quarter. L2 Asset Management LLC now owns 1,283 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 88 shares during the period. Cynosure Group LLC lifted its position in shares of Arthur J. Gallagher & Co. by 40.4% during the 4th quarter. Cynosure Group LLC now owns 3,261 shares of the financial services provider’s stock valued at $844,000 after acquiring an additional 938 shares during the period. TritonPoint Partners LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $721,000. USS Investment Management Ltd increased its stake in Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. USS Investment Management Ltd now owns 41,393 shares of the financial services provider’s stock valued at $10,714,000 after purchasing an additional 194 shares in the last quarter. Finally, Potomac Fund Management Inc. ADV increased its stake in Arthur J. Gallagher & Co. by 5.8% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 5,848 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $216.16 on Wednesday. The company has a fifty day moving average price of $210.90 and a 200-day moving average price of $227.44. 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 firm has a market cap of $55.53 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.09 and a beta of 0.52. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $327.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.67 EPS. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 13.27 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors 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 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is 45.31%.

Analysts Set New Price Targets

A number of brokerages have commented on AJG. UBS Group upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their price target for the company from $283.00 to $250.00 in a research note on Monday, June 8th. Mizuho decreased their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Truist Financial decreased their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $235.00 to $265.00 in a research note on Thursday, June 11th. Finally, Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $263.71.

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

In related news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the transaction, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. The trade was a 5.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.