SCS Capital Management LLC Invests $786,000 in Arthur J. Gallagher & Co. $AJG

Key Points

• SCS Capital Management LLC acquired a new stake in Arthur J. Gallagher & Co. valued at approximately $786,000 by purchasing 2,277 shares in the first quarter.
• Institutional investors and hedge funds collectively own 85.53% of Arthur J. Gallagher & Co.'s stock, indicating significant institutional interest in the company.
• Arthur J. Gallagher & Co. is set to pay a quarterly dividend of $0.65 to shareholders on record as of September 5th, with an annualized yield of 0.9%.

SCS Capital Management LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,277 shares of the financial services provider's stock, valued at approximately $786,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CWA Asset Management Group LLC grew its position in shares of Arthur J. Gallagher & Co. by 22.5% during the 1st quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider's stock worth $388,000 after purchasing an additional 207 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $382,000. Golden State Wealth Management LLC grew its position in Arthur J. Gallagher & Co. by 2,750.0% during the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock worth $39,000 after buying an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Arthur J. Gallagher & Co. by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,280 shares of the financial services provider's stock worth $3,879,000 after acquiring an additional 82 shares during the period. Finally, Seven Grand Managers LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $7,096,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AJG. Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They set a "buy" rating and a $344.00 price objective on the stock. Citigroup assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $317.00 target price for the company. UBS Group cut their price target on shares of Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $333.13.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Down 1.9%

Shares of AJG opened at $292.92 on Thursday. Arthur J. Gallagher & Co. has a 52 week low of $274.25 and a 52 week high of $351.23. The stock has a market capitalization of $75.10 billion, a price-to-earnings ratio of 41.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day moving average of $301.51 and a 200-day moving average of $320.19.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data 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). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $2.29 EPS. The company's revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

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 $0.65 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 36.93%.

Arthur J. Gallagher & Co. Company 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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