Life Cycle Investment Partners Ltd acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 76,175 shares of the financial services provider's stock, valued at approximately $19,713,000.
Other large investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider's stock valued at $30,000 after buying an additional 87 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Financial Life Planners purchased a new stake in shares of Arthur J. Gallagher & Co. in the third quarter valued at about $39,000. Westside Investment Management Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 100.0% in the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 68 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. 85.53% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
AJG has been the subject of several analyst reports. Mizuho lowered their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an "outperform" rating for the company in a report on Monday, April 13th. Morgan Stanley lowered their target price on shares of Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday. Truist Financial lowered their target price on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a "hold" rating for the company in a report on Friday, May 1st. Piper Sandler lowered their target price on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, May 1st. Finally, BMO Capital Markets upgraded shares of Arthur J. Gallagher & Co. from a "market perform" rating to an "outperform" rating and increased their target price for the company from $275.00 to $278.00 in a report on Tuesday, March 24th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of "Moderate Buy" and a consensus target price of $264.00.
Read Our Latest Analysis on Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Stock Performance
NYSE AJG opened at $204.89 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $351.23. The company has a 50-day simple moving average of $211.64 and a 200 day simple moving average of $232.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $52.64 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the company posted $3.67 earnings per share. The firm's quarterly revenue was up 29.0% compared to the same quarter last year. On average, research analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.
Arthur J. Gallagher & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 45.31%.
Insider Activity
In other news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president owned 85,920 shares in the company, valued at $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares of the company's stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.
Arthur J. Gallagher & Co. Profile
(
Free Report)
Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.
The company's core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.
Further Reading
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