Mawer Investment Management Ltd. Has $158.65 Million Stake in Arthur J. Gallagher & Co. $AJG

Mawer Investment Management Ltd. trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 613,031 shares of the financial services provider’s stock after selling 33,267 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $158,646,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Resolute Capital LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $295,000. Redwood Financial Network Corp grew its position in shares of Arthur J. Gallagher & Co. by 15.7% in the fourth quarter. Redwood Financial Network Corp now owns 782 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 106 shares during the last quarter. Consolidated Capital Management LLC grew its position in shares of Arthur J. Gallagher & Co. by 48.9% in the fourth quarter. Consolidated Capital Management LLC now owns 1,005 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 330 shares during the last quarter. MUFG Securities EMEA plc grew its position in shares of Arthur J. Gallagher & Co. by 114.4% in the fourth quarter. MUFG Securities EMEA plc now owns 10,522 shares of the financial services provider’s stock valued at $2,723,000 after purchasing an additional 5,615 shares during the last quarter. Finally, Welch & Forbes LLC grew its position in shares of Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Welch & Forbes LLC now owns 294,278 shares of the financial services provider’s stock valued at $76,156,000 after purchasing an additional 1,508 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares in the company, valued at $4,384,778.72. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $227.57, for a total transaction of $864,766.00. Following the completion of the transaction, the vice president owned 85,920 shares of the company’s stock, valued at $19,552,814.40. This trade represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Up 2.4%

Shares of AJG opened at $205.98 on Tuesday. The stock has a market cap of $52.92 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 1.02 and a beta of 0.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $351.23. The company has a 50-day moving average price of $211.03 and a two-hundred day moving average price of $230.45.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly 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 firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.67 earnings per share. Equities analysts predict that Arthur J. Gallagher & Co. will post 13.26 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.70 per share. 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 dividend payout ratio (DPR) is currently 45.31%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price target on the stock. Mizuho lowered their price target on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Piper Sandler lowered their price target on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Keefe, Bruyette & Woods lowered their price target on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a research report on Friday, May 1st. Finally, UBS Group set a $240.00 price target on Arthur J. Gallagher & Co. in a research report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.00.

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.