Capital International Sarl Has $39.15 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Capital International Sarl grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,289 shares of the financial services provider’s stock after purchasing an additional 47,840 shares during the quarter. Capital International Sarl’s holdings in Arthur J. Gallagher & Co. were worth $39,152,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $9,877,000. JPMorgan Chase & Co. lifted its stake in shares of Arthur J. Gallagher & Co. by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock valued at $6,299,674,000 after purchasing an additional 3,330,205 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Arthur J. Gallagher & Co. by 10.2% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 65,889 shares of the financial services provider’s stock valued at $20,398,000 after purchasing an additional 6,090 shares during the period. Factory Mutual Insurance Co. increased its position in shares of Arthur J. Gallagher & Co. by 241.4% in the 3rd quarter. Factory Mutual Insurance Co. now owns 49,500 shares of the financial services provider’s stock valued at $15,332,000 after buying an additional 35,000 shares in the last quarter. Finally, Cincinnati Financial Corp bought a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $42,824,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $278.00 in a research report on Tuesday, March 24th. Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. 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 report on Monday, April 13th. 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 report on Friday, May 1st. Finally, UBS Group set a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $264.00.

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $216.58 on Friday. The stock has a 50-day moving average price of $210.49 and a two-hundred day moving average price of $229.29. The stock has a market cap of $55.64 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.52. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $330.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.67 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post 13.27 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 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 1.3%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.31%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the transaction, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. 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.