Arthur J. Gallagher & Co. $AJG is 11 Capital Partners LP's 8th Largest Position

Key Points

• 11 Capital Partners LP reduced its stake in Arthur J. Gallagher & Co. by 38.3%, owning 46,102 shares after selling 28,650 shares in the first quarter, representing about 5.3% of its portfolio.
• Institutional investors hold approximately 85.53% of Arthur J. Gallagher & Co. shares, with recent changes in holdings including a 2,750.0% increase from Golden State Wealth Management LLC.
• Analysts have varied ratings and price targets for the stock, with a consensus rating of "Hold" and an average target price of $331.07.

11 Capital Partners LP cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 38.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,102 shares of the financial services provider's stock after selling 28,650 shares during the quarter. Arthur J. Gallagher & Co. comprises approximately 5.3% of 11 Capital Partners LP's investment portfolio, making the stock its 8th biggest position. 11 Capital Partners LP's holdings in Arthur J. Gallagher & Co. were worth $15,916,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Paragon Private Wealth Management LLC grew its stake in shares of Arthur J. Gallagher & Co. by 35.1% in the first quarter. Paragon Private Wealth Management LLC now owns 1,306 shares of the financial services provider's stock valued at $451,000 after buying an additional 339 shares in the last quarter. Rench Wealth Management Inc. boosted its holdings in Arthur J. Gallagher & Co. by 0.9% during the 1st quarter. Rench Wealth Management Inc. now owns 49,160 shares of the financial services provider's stock valued at $16,972,000 after acquiring an additional 459 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in Arthur J. Gallagher & Co. by 24.8% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 126,042 shares of the financial services provider's stock valued at $43,525,000 after acquiring an additional 25,029 shares during the period. EP Wealth Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 5.8% during the 1st quarter. EP Wealth Advisors LLC now owns 2,071 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 114 shares during the period. Finally, Ashton Thomas Securities LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 2,895 shares of the financial services provider's stock valued at $999,000 after acquiring an additional 108 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AJG shares. Barclays cut their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a "strong-buy" rating in a report on Wednesday, August 13th. The Goldman Sachs Group started coverage on Arthur J. Gallagher & Co. in a report on Wednesday. They set a "buy" rating and a $344.00 price target on the stock. UBS Group cut their price target on Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Piper Sandler lifted their price target on Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $333.13.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock traded down $1.21 during mid-day trading on Friday, hitting $299.01. 1,217,177 shares of the stock were exchanged, compared to its average volume of 1,333,918. The stock's fifty day simple moving average is $302.82 and its two-hundred day simple moving average is $320.75. The stock has a market capitalization of $76.67 billion, a price-to-earnings ratio of 42.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 12-month low of $274.25 and a 12-month high of $351.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.03). The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.Arthur J. Gallagher & Co.'s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $2.29 EPS. On average, analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.65 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.60 annualized dividend and a yield of 0.9%. Arthur J. Gallagher & Co.'s payout ratio is 36.93%.

About Arthur J. Gallagher & Co.

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.