SBI Okasan Asset Management Co.Ltd. Makes New $1.37 Million Investment in Arthur J. Gallagher & Co. $AJG

Key Points

• SBI Okasan Asset Management opened a new position in Arthur J. Gallagher & Co., buying 5,210 shares valued at about $1.37 million in the fourth quarter.
• Arthur J. Gallagher & Co. reported better-than-expected quarterly EPS of $4.47, topping consensus by $0.04, while revenue rose 29% year over year to $4.71 billion.
• The company declared a quarterly dividend of $0.70 per share payable June 19, and analysts currently rate the stock Moderate Buy with an average price target of $264.

SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,210 shares of the financial services provider's stock, valued at approximately $1,371,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its holdings in Arthur J. Gallagher & Co. by 870.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider's stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $39,000. Westside Investment Management Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 68 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 668.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $202.61 on Friday. The company has a fifty day simple moving average of $211.27 and a 200 day simple moving average of $231.15. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $351.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market cap of $52.05 billion, a P/E ratio of 32.79, a PEG ratio of 1.03 and a beta of 0.54.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $3.67 EPS. Arthur J. Gallagher & Co.'s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 13.26 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders 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 of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.'s payout ratio is currently 45.31%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AJG. Mizuho lowered their price objective on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an "outperform" rating for the company in a research note on Monday, April 13th. UBS Group set a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Thursday, May 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a "market perform" rating for the company in a research note on Friday, May 1st. Jefferies Financial Group lowered their price objective on shares of Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a "hold" rating for the company in a research note on Monday, February 2nd. Finally, Piper Sandler lowered their price objective on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a "neutral" rating for the company in a research note on Friday, May 1st. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $264.00.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 6th. The shares were sold at an average price of $227.57, for a total transaction of $864,766.00. Following the transaction, the vice president directly owned 85,920 shares of the company's stock, valued at $19,552,814.40. The trade was a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the transaction, the vice president directly owned 19,306 shares in the company, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Company Profile

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.

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