Geode Capital Management LLC Purchases 12,190 Shares of Arthur J. Gallagher & Co. $AJG

Geode Capital Management LLC increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,014,196 shares of the financial services provider’s stock after acquiring an additional 12,190 shares during the quarter. Geode Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,553,238,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 87 shares during the period. Rakuten Securities Inc. lifted its stake in Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 91 shares during the period. Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. in the third quarter worth about $39,000. Westside Investment Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 100.0% in the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 68 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 147 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 4,000 shares of the business’s 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 sale, the vice president owned 19,306 shares in the company, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the sale, the vice president owned 85,920 shares in the company, valued at $19,552,814.40. The trade was a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of research reports. Barclays upped their price objective on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. 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 note on Monday, April 13th. Royal Bank Of Canada initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 target price for the company. Finally, Piper Sandler reduced their target price on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $264.00.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $202.61 on Friday. The company has a market capitalization of $52.05 billion, a PE ratio of 32.79, a P/E/G ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $211.27 and a two-hundred day simple moving average of $231.15. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.67 earnings per share. Research analysts expect that Arthur J. Gallagher & Co. will post 13.26 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

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 $0.70 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.4%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

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.