Point72 Europe London LLP Makes New $5.73 Million Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Point72 Europe London LLP purchased a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,200 shares of the financial services provider's stock, valued at approximately $5,734,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AJG. Aprio Wealth Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $213,000. Miracle Mile Advisors LLC grew its holdings in Arthur J. Gallagher & Co. by 13.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 5,180 shares of the financial services provider's stock valued at $1,470,000 after buying an additional 597 shares in the last quarter. Accurate Wealth Management LLC increased its stake in shares of Arthur J. Gallagher & Co. by 6.9% in the 4th quarter. Accurate Wealth Management LLC now owns 3,241 shares of the financial services provider's stock worth $930,000 after acquiring an additional 208 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 12.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,276 shares of the financial services provider's stock valued at $362,000 after acquiring an additional 142 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Arthur J. Gallagher & Co. by 6,581.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider's stock worth $124,174,000 after purchasing an additional 430,917 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $329.79 on Thursday. Arthur J. Gallagher & Co. has a 52 week low of $244.60 and a 52 week high of $350.70. The firm has a 50 day moving average of $330.15 and a two-hundred day moving average of $310.92. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $84.46 billion, a PE ratio of 50.58 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Arthur J. Gallagher & Co.'s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.45 EPS. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.'s payout ratio is 37.63%.

Analyst Ratings Changes

Several analysts have recently weighed in on AJG shares. Truist Financial increased their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research report on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price on the stock. Finally, Jefferies Financial Group reduced their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $318.57.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now directly owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

About Arthur J. Gallagher & Co.

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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