USS Investment Management Ltd Grows Stake in Arthur J. Gallagher & Co. $AJG

USS Investment Management Ltd boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,626 shares of the financial services provider’s stock after acquiring an additional 2,233 shares during the quarter. USS Investment Management Ltd’s holdings in Arthur J. Gallagher & Co. were worth $9,449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AJG. IFM Investors Pty Ltd increased its position in shares of Arthur J. Gallagher & Co. by 5.2% during the 1st quarter. IFM Investors Pty Ltd now owns 50,353 shares of the financial services provider’s stock valued at $10,905,000 after purchasing an additional 2,484 shares during the last quarter. Wendell David Associates Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 8.0% in the first quarter. Wendell David Associates Inc. now owns 21,164 shares of the financial services provider’s stock worth $4,584,000 after buying an additional 1,562 shares during the last quarter. McLean Asset Management Corp bought a new stake in Arthur J. Gallagher & Co. during the first quarter valued at approximately $2,249,000. Kenora Financial LLC increased its holdings in Arthur J. Gallagher & Co. by 33.2% during the first quarter. Kenora Financial LLC now owns 2,370 shares of the financial services provider’s stock valued at $513,000 after buying an additional 591 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Arthur J. Gallagher & Co. by 3.9% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 183,381 shares of the financial services provider’s stock worth $39,717,000 after acquiring an additional 6,813 shares during the period. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Morgan Stanley decreased their target price on Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Citigroup raised Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and cut their price target for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. UBS Group restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, June 18th. Finally, Truist Financial decreased their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.12.

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

In related news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $239.16 on Thursday. The company has a market capitalization of $61.44 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 1.17 and a beta of 0.50. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $211.04 and its 200-day simple moving average is $225.67. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $320.00.

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 the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the business posted $3.67 earnings per share. The firm’s revenue was up 29.0% on a year-over-year basis. As a group, analysts expect that Arthur J. Gallagher & Co. will post 13.23 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is 45.31%.

About Arthur J. Gallagher & Co.

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.