Vise Technologies Inc. Grows Stock Position in Arthur J. Gallagher & Co. $AJG

Vise Technologies Inc. boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 142.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,577 shares of the financial services provider’s stock after buying an additional 3,278 shares during the period. Vise Technologies Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AJG. Caprock Group LLC bought a new stake in Arthur J. Gallagher & Co. in the third quarter worth about $9,877,000. JPMorgan Chase & Co. lifted its stake in Arthur J. Gallagher & Co. by 19.6% in the third quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock worth $6,299,674,000 after purchasing an additional 3,330,205 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Arthur J. Gallagher & Co. by 10.2% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 65,889 shares of the financial services provider’s stock worth $20,398,000 after purchasing an additional 6,090 shares during the last quarter. Factory Mutual Insurance Co. lifted its stake in Arthur J. Gallagher & Co. by 241.4% in the third quarter. Factory Mutual Insurance Co. now owns 49,500 shares of the financial services provider’s stock worth $15,332,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Cincinnati Financial Corp bought a new stake in Arthur J. Gallagher & Co. in the third quarter worth about $42,824,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the subject of several analyst reports. Mizuho decreased 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. Morgan Stanley decreased their price objective on shares of Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Barclays raised 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. UBS Group raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Monday. Finally, Piper Sandler decreased their price target on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $264.59.

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

In related news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the transaction, the chief accounting officer owned 47,819 shares of the company’s stock, valued at $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $212.45 on Tuesday. The company has a 50 day moving average price of $210.54 and a 200-day moving average price of $228.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $327.83. The company has a market capitalization of $54.58 billion, a PE ratio of 34.38, a P/E/G ratio of 1.09 and a beta of 0.53.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the previous year, the firm posted $3.67 earnings per share. The company’s revenue was up 29.0% on a year-over-year basis. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

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.