Pine Valley Investments Ltd Liability Co Grows Stock Holdings in Arthur J. Gallagher & Co. $AJG

Pine Valley Investments Ltd Liability Co grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 32.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,725 shares of the financial services provider’s stock after acquiring an additional 2,151 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Arthur J. Gallagher & Co. were worth $1,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AJG. Norges Bank purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $1,925,062,000. T. Rowe Price Investment Management Inc. grew its holdings in Arthur J. Gallagher & Co. by 123.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider’s stock valued at $1,523,636,000 after purchasing an additional 3,253,498 shares in the last quarter. Gtcr LLC purchased a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth $514,112,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Arthur J. Gallagher & Co. by 9,244.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,053,636 shares of the financial services provider’s stock worth $272,670,000 after buying an additional 1,042,361 shares in the last quarter. Finally, Viking Global Investors LP purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $269,394,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group increased their price target on Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the company a “buy” 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. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Piper Sandler raised their price target on shares of Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $285.59.

Insider Activity

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 transaction of $618,000.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $248.03 on Tuesday. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 1.29 and a beta of 0.50. The stock has a 50 day moving average of $232.53 and a 200-day moving average of $224.74. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $313.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company posted $2.33 EPS. The business’s revenue was up 24.3% compared to the same quarter last year. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio is 46.43%.

Arthur J. Gallagher & Co. 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.