Arthur J. Gallagher & Co. $AJG Stock: Krilogy Financial LLC Boosts Position

Key Points

• Krilogy Financial LLC increased its Arthur J. Gallagher holdings by 308.1% in the third quarter, bringing its position to 8,742 shares valued at approximately $1.99 million. Institutional investors collectively own 85.53% of AJG.
• AJG reported quarterly earnings of $2.84 per share, exceeding analyst estimates, while revenue rose 24.3% year over year to $3.95 billion. The company also pays a quarterly dividend of $0.70, equivalent to a 1.1% annual yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $280.74 versus the stock’s reported price of $250.17, although company insiders sold 28,500 shares worth roughly $7.56 million during the quarter.

Krilogy Financial LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 308.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,742 shares of the financial services provider's stock after acquiring an additional 6,600 shares during the period. Krilogy Financial LLC's holdings in Arthur J. Gallagher & Co. were worth $1,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Arthur J. Gallagher & Co. by 123.5% in the fourth 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 during the last quarter. Principal Financial Group Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,242,088 shares of the financial services provider's stock worth $702,182,000 after purchasing an additional 409,145 shares in the last quarter. Gtcr LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $514,112,000. Janus Henderson Group PLC raised its position in shares of Arthur J. Gallagher & Co. by 14.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,869,559 shares of the financial services provider's stock worth $483,868,000 after purchasing an additional 239,272 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Arthur J. Gallagher & Co. by 23.0% in the 1st quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider's stock valued at $401,645,000 after buying an additional 346,409 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $250.17 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. The company has a market cap of $64.12 billion, a P/E ratio of 41.49, a P/E/G ratio of 1.35 and a beta of 0.55. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $288.33. The firm's 50 day moving average is $246.27 and its two-hundred day moving average is $232.02.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $2.33 EPS. Arthur J. Gallagher & Co.'s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post 13.17 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 46.43%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total transaction of $252,860.00. Following the completion of the sale, the chief accounting officer owned 46,819 shares of the company's stock, valued at approximately $11,838,652.34. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Walter D. Bay sold 12,000 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $270.08, for a total value of $3,240,960.00. Following the sale, the general counsel owned 71,292 shares of the company's stock, valued at $19,254,543.36. This represents a 14.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,500 shares of company stock valued at $7,562,950. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

AJG has been the topic of a number of analyst reports. Argus increased their target price on Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 9th. Mizuho cut their price target on Arthur J. Gallagher & Co. from $292.00 to $271.00 and set an "outperform" rating for the company in a report on Wednesday, October 7th. Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the company a "hold" rating in a research report on Friday, July 31st. Finally, Barclays upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an "overweight" rating in a research report on Tuesday, July 7th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $280.74.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company headquartered in Rolling Meadows, Illinois. The company helps businesses, public entities and individuals identify, manage and transfer risk through insurance brokerage, employee benefits consulting, risk management and related advisory services.

Gallagher operates through several businesses, including retail insurance brokerage, wholesale brokerage and reinsurance brokerage. Its Gallagher Re business provides reinsurance broking and advisory services, while Gallagher Bassett provides third-party claims administration and related risk management services.

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