Brookstone Capital Management Has $17.49 Million Stake in Arthur J. Gallagher & Co. $AJG

Brookstone Capital Management raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 31.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,584 shares of the financial services provider’s stock after acquiring an additional 16,268 shares during the quarter. Brookstone Capital Management’s holdings in Arthur J. Gallagher & Co. were worth $17,490,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AJG. JPMorgan Chase & Co. grew its holdings in Arthur J. Gallagher & Co. by 19.6% during the third 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 last quarter. Capital World Investors boosted its stake in Arthur J. Gallagher & Co. by 0.9% during the 3rd quarter. Capital World Investors now owns 11,783,119 shares of the financial services provider’s stock valued at $3,649,477,000 after purchasing an additional 101,298 shares during the period. State Street Corp grew its holdings in Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. State Street Corp now owns 10,891,080 shares of the financial services provider’s stock valued at $3,373,403,000 after buying an additional 147,587 shares during the last quarter. Capital International Investors grew its stake in shares of Arthur J. Gallagher & Co. by 0.6% in the third quarter. Capital International Investors now owns 7,194,743 shares of the financial services provider’s stock worth $2,228,156,000 after acquiring an additional 45,256 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Arthur J. Gallagher & Co. by 13.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,270,807 shares of the financial services provider’s stock worth $1,013,100,000 after purchasing an additional 395,304 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AJG. Piper Sandler decreased 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 note on Monday, February 23rd. Morgan Stanley set a $300.00 price target on Arthur J. Gallagher & Co. in a research report on Friday, December 19th. BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Royal Bank Of Canada began coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 target price for the company. Finally, Mizuho upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “outperform” rating and set a $260.00 price target for the company in a research report on Friday, February 27th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average target price of $273.82.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $216.15 on Tuesday. 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 has a market cap of $55.57 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.67. The stock’s 50-day moving average is $224.33 and its 200-day moving average is $253.15. Arthur J. Gallagher & Co. has a one year low of $195.00 and a one year high of $351.23.

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

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.3%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Friday, March 6th. Arthur J. Gallagher & Co.’s payout ratio is currently 45.53%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the completion of the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This trade represents a 17.16% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is currently owned by corporate insiders.

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.