Third View Private Wealth LLC Purchases Shares of 4,899 Arthur J. Gallagher & Co. $AJG

Key Points

• Third View Private Wealth LLC purchased a new Q4 stake of 4,899 shares of Arthur J. Gallagher (AJG) worth about $1.27 million, and institutional investors own roughly 85.5% of the company.
• AJG reported quarterly EPS of $2.38, beating estimates by $0.03, with revenue of $3.57 billion (up 33.9% YoY) though slightly below expectations; the stock opened at $222.68, has a market cap of $57.25 billion and a P/E of 36.21.
• AJG raised its quarterly dividend to $0.70 (annualized $2.80, yield 1.3%), and analysts hold a consensus "Moderate Buy" rating with an average price target of $273.94.

Third View Private Wealth LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,899 shares of the financial services provider's stock, valued at approximately $1,268,000.

A number of other large investors also recently bought and sold shares of AJG. Jump Financial LLC acquired a new position in Arthur J. Gallagher & Co. in the second quarter valued at approximately $2,825,000. Qube Research & Technologies Ltd acquired a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $3,429,000. Treasurer of the State of North Carolina raised its stake in shares of Arthur J. Gallagher & Co. by 5.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 118,467 shares of the financial services provider's stock worth $37,924,000 after buying an additional 5,947 shares during the period. Peapack Gladstone Financial Corp raised its stake in shares of Arthur J. Gallagher & Co. by 2,919.2% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 19,987 shares of the financial services provider's stock worth $6,398,000 after buying an additional 19,325 shares during the period. Finally, Armistice Capital LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $412,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 4.3%

Shares of AJG opened at $222.68 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $195.00 and a one year high of $351.23. The stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.06 and a beta of 0.68. The stock has a 50 day moving average price of $218.17 and a 200 day moving average price of $247.53.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The firm's revenue for the quarter was up 33.9% on a year-over-year basis. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 45.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial reduced their target price on Arthur J. Gallagher & Co. from $271.00 to $235.00 and set a "hold" rating for the company in a research note on Wednesday, March 18th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $292.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Arthur J. Gallagher & Co. in a research note on Monday, December 29th. Mizuho reduced their target price on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Needham & Company LLC set a $272.00 price target on Arthur J. Gallagher & Co. in a research report on Thursday, December 18th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of "Moderate Buy" and a consensus price target of $273.94.

Insider Buying and Selling at Arthur J. Gallagher & Co.

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