Bain Capital Public Equity LP Purchases New Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Bain Capital Public Equity LP bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,836 shares of the financial services provider's stock, valued at approximately $9,037,000. Arthur J. Gallagher & Co. makes up 5.9% of Bain Capital Public Equity LP's portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Arthur J. Gallagher & Co. during the third quarter worth approximately $427,000. Tidal Investments LLC lifted its holdings in Arthur J. Gallagher & Co. by 37.2% during the 3rd quarter. Tidal Investments LLC now owns 9,824 shares of the financial services provider's stock worth $2,764,000 after buying an additional 2,666 shares in the last quarter. Franklin Resources Inc. boosted its position in Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 523,324 shares of the financial services provider's stock valued at $151,612,000 after buying an additional 7,368 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock worth $249,237,000 after acquiring an additional 618,362 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Arthur J. Gallagher & Co. by 87.4% during the fourth quarter. Versant Capital Management Inc now owns 238 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 111 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares of the company's stock, valued at $30,029,771.80. This trade represents a 7.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David S. Johnson sold 325 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the transaction, the director now owns 44,783 shares of the company's stock, valued at approximately $14,422,812.98. This represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,835 shares of company stock worth $5,839,830. Corporate insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 0.4 %

Shares of NYSE AJG traded up $1.34 during midday trading on Wednesday, reaching $339.61. The company's stock had a trading volume of 1,279,559 shares, compared to its average volume of 1,307,912. Arthur J. Gallagher & Co. has a fifty-two week low of $244.22 and a fifty-two week high of $350.70. The stock has a 50 day simple moving average of $330.36 and a 200-day simple moving average of $309.08. The stock has a market capitalization of $86.85 billion, a price-to-earnings ratio of 52.09 and a beta of 0.78. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.45 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.77%. Arthur J. Gallagher & Co.'s payout ratio is presently 37.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on AJG. TD Cowen upgraded Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective for the company. Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, Barclays raised their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $315.33.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.