Generate Investment Management Ltd Makes New Investment in Arthur J. Gallagher & Co. $AJG

Key Points

• Generate Investment Management Ltd has acquired a new stake in Arthur J. Gallagher & Co., purchasing 17,601 shares valued at approximately $5.6 million during the 2nd quarter.
• Investment analyst ratings for AJG stock include one Strong Buy, six Buy, eight Hold, and one Sell, with a consensus target price of $330.93.
• Arthur J. Gallagher & Co. recently declared a quarterly dividend of $0.65 per share, resulting in an annualized yield of 0.9% and a payout ratio of 36.93%.

Generate Investment Management Ltd acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,601 shares of the financial services provider's stock, valued at approximately $5,634,000.

Other large investors have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $25,000. AlphaQuest LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at $33,000. Saudi Central Bank purchased a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth about $34,000. Centennial Bank AR acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $38,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 2,750.0% in the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock valued at $39,000 after buying an additional 110 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AJG. Piper Sandler raised their target price on shares of Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a "market perform" rating in a research report on Friday, September 19th. Citigroup initiated coverage on Arthur J. Gallagher & Co. in a report on Wednesday, August 13th. They issued a "neutral" rating and a $317.00 target price on the stock. UBS Group lifted their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Finally, Wells Fargo & Company dropped their price objective on Arthur J. Gallagher & Co. from $369.00 to $365.00 and set an "overweight" rating on the stock in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and a consensus target price of $330.93.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president owned 85,920 shares in the company, valued at approximately $25,569,792. This represents a 13.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 8,000 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the transaction, the chief financial officer directly owned 100,777 shares of the company's stock, valued at $30,186,742.58. The trade was a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,855 shares of company stock worth $8,916,928 over the last quarter. Insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $304.09 on Monday. The firm has a 50 day moving average of $297.92 and a 200-day moving average of $317.29. The company has a market cap of $77.97 billion, a price-to-earnings ratio of 43.19 and a beta of 0.72. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 12-month low of $275.56 and a 12-month high of $351.23.

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

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, September 5th. Arthur J. Gallagher & Co.'s payout ratio is 36.93%.

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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