Caprock Group LLC Makes New $9.88 Million Investment in Arthur J. Gallagher & Co. $AJG

Caprock Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,625 shares of the financial services provider’s stock, valued at approximately $9,877,000.

Several other institutional investors have also recently made changes to their positions in AJG. 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. J.Safra Asset Management Corp raised its holdings in shares of Arthur J. Gallagher & Co. by 209.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 69 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of Arthur J. Gallagher & Co. by 40.6% during the third quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 39 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in Arthur J. Gallagher & Co. by 100.0% during the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 5,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $258.05, for a total value of $1,290,250.00. Following the transaction, the chief financial officer directly owned 95,777 shares of the company’s stock, valued at $24,715,254.85. This represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $258.11, for a total value of $1,032,440.00. Following the sale, the vice president directly owned 17,327 shares of the company’s stock, valued at approximately $4,472,271.97. This represents a 18.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,100 shares of company stock valued at $8,243,865 over the last three months. 1.30% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $212.41 on Wednesday. Arthur J. Gallagher & Co. has a fifty-two week low of $210.01 and a fifty-two week high of $351.23. The company has a market cap of $54.55 billion, a PE ratio of 34.54, a P/E/G ratio of 1.18 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day simple moving average of $251.62 and a two-hundred day simple moving average of $272.45.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The company’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 earnings per share. As a group, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 6th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is presently 45.53%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC set a $272.00 target price on Arthur J. Gallagher & Co. in a report on Thursday, December 18th. Jefferies Financial Group dropped their price objective on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a research report on Monday, February 2nd. Piper Sandler cut their target price on Arthur J. Gallagher & Co. from $272.00 to $249.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Wells Fargo & Company decreased their price target on shares of Arthur J. Gallagher & Co. from $311.00 to $298.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $292.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, January 7th. Six analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus price target of $284.12.

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.