Arthur J. Gallagher & Co. $AJG Stock Position Boosted by Findlay Park Partners LLP

Key Points

• Findlay Park Partners LLP increased its stake in Arthur J. Gallagher & Co. by 1.3%, making it the firm's largest position with a total of 1,172,201 shares valued at approximately $404.7 million.
• Arthur J. Gallagher & Co. reported a missed earnings estimate for the recent quarter with earnings per share of $2.33, below the expected $2.36, while revenue increased by 16% year-over-year.
• The company announced a quarterly dividend of $0.65 per share, with a dividend yield of 0.9%, and a payout ratio of 36.93%.

Findlay Park Partners LLP increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,172,201 shares of the financial services provider's stock after buying an additional 15,600 shares during the quarter. Arthur J. Gallagher & Co. comprises approximately 4.2% of Findlay Park Partners LLP's portfolio, making the stock its largest position. Findlay Park Partners LLP owned about 0.46% of Arthur J. Gallagher & Co. worth $404,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HWG Holdings LP acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth approximately $25,000. AlphaQuest LLC acquired a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $33,000. Centennial Bank AR acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $38,000. Motco increased its position in shares of Arthur J. Gallagher & Co. by 700.0% in the 1st quarter. Motco now owns 112 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 98 shares during the last quarter. Finally, SouthState Corp purchased a new stake in Arthur J. Gallagher & Co. during the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Down 1.5%

AJG opened at $298.72 on Tuesday. 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. has a 1 year low of $274.25 and a 1 year high of $351.23. The firm has a 50 day moving average price of $306.15 and a 200 day moving average price of $322.20. The company has a market cap of $76.59 billion, a PE ratio of 42.43 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The business's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 EPS. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 36.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of 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. Citigroup started coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, August 13th. They set a "neutral" rating and a $317.00 price target for the company. UBS Group lowered their target price 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. Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $371.00 to $373.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Piper Sandler upped their target price on Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $331.07.

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.

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