Financiere des Professionnels Fonds d investissement inc. Invests $4.20 Million in Arthur J. Gallagher & Co. $AJG

Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,392 shares of the financial services provider’s stock, valued at approximately $4,200,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at $26,000. MV Capital Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $34,000. Rakuten Securities Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the period. Avalon Trust Co bought a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at about $40,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 3.2%

NYSE:AJG opened at $255.72 on Friday. The firm has a market capitalization of $65.70 billion, a P/E ratio of 41.38, a PEG ratio of 1.28 and a beta of 0.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $316.71. The company’s 50-day simple moving average is $220.23 and its 200 day simple moving average is $225.47.

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 for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the firm earned $3.67 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were given a dividend of $0.70 per share. 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 45.31%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AJG shares. Weiss Ratings upgraded shares of Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Morgan Stanley increased their target price 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. Royal Bank Of Canada lifted their price target on Arthur J. Gallagher & Co. from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Truist Financial reduced their price target on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.35.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, June 2nd. The stock was 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 in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.