Capital World Investors Has $3.65 Billion Stock Position in Arthur J. Gallagher & Co. $AJG

Capital World Investors boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,783,119 shares of the financial services provider’s stock after purchasing an additional 101,298 shares during the period. Capital World Investors owned 4.60% of Arthur J. Gallagher & Co. worth $3,649,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Savant Capital LLC boosted its position in Arthur J. Gallagher & Co. by 5.0% during the second quarter. Savant Capital LLC now owns 9,468 shares of the financial services provider’s stock valued at $3,031,000 after purchasing an additional 454 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 5.1% during the 2nd quarter. Wedbush Securities Inc. now owns 4,580 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 223 shares in the last quarter. AE Wealth Management LLC increased its position in Arthur J. Gallagher & Co. by 0.8% during the second quarter. AE Wealth Management LLC now owns 6,910 shares of the financial services provider’s stock worth $2,212,000 after buying an additional 58 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Arthur J. Gallagher & Co. by 6.5% during the second quarter. Parkside Financial Bank & Trust now owns 570 shares of the financial services provider’s stock valued at $182,000 after buying an additional 35 shares in the last quarter. Finally, Midwest Trust Co bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth about $941,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AJG shares. Piper Sandler dropped their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Evercore dropped their price target on Arthur J. Gallagher & Co. from $353.00 to $334.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Wolfe Research set a $289.00 target price on shares of Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Truist Financial set a $271.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, January 30th. Finally, BMO Capital Markets downgraded shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $289.00 to $275.00 in a report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $281.76.

Arthur J. Gallagher & Co. Stock Down 4.5%

AJG opened at $217.87 on Tuesday. The company has a market capitalization of $56.02 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $238.98 and its two-hundred day moving average price is $262.54. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business’s revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.70 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.53%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred 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 sale, the vice president directly owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 5,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $258.05, for a total value of $1,290,250.00. Following the completion of the transaction, the chief financial officer directly owned 95,777 shares of the company’s stock, valued at approximately $24,715,254.85. The trade was a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,650 shares of company stock valued at $8,137,686 over the last ninety days. Company insiders own 1.30% of the company’s stock.

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.