Interval Partners LP Makes New $8.22 Million Investment in Arthur J. Gallagher & Co. $AJG

Interval Partners LP acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 26,552 shares of the financial services provider’s stock, valued at approximately $8,224,000.

Several other large investors also recently modified their holdings of AJG. Physician Wealth Advisors Inc. increased its position in shares of 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 purchasing an additional 87 shares during the period. Rakuten Securities Inc. grew its stake in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Financial Life Planners bought a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $39,000. Central Pacific Bank Trust Division raised its position in shares of Arthur J. Gallagher & Co. by 40.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after buying an additional 39 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 100.0% during the 3rd 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. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AJG. Needham & Company LLC set a $272.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Thursday, December 18th. Piper Sandler cut their target price on Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Citigroup lifted their price target on Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. UBS Group lowered their price target on Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, Morgan Stanley set a $300.00 price objective on Arthur J. Gallagher & Co. in a research report on Friday, December 19th. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $282.65.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the sale, the vice president directly owned 19,306 shares in the company, valued at $4,384,778.72. This trade represents a 17.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 15,850 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, December 19th. The stock was sold at an average price of $255.00, for a total transaction of $4,041,750.00. Following the transaction, the general counsel owned 79,549 shares in the company, valued at approximately $20,284,995. This trade represents a 16.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 32,650 shares of company stock valued at $8,137,686. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $207.86 on Friday. The company’s 50 day moving average price is $234.93 and its two-hundred day moving average price is $260.50. The firm has a market capitalization of $53.44 billion, a P/E ratio of 33.80, a P/E/G ratio of 0.99 and a beta of 0.67. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company earned $1.12 EPS. Arthur J. Gallagher & Co.’s revenue was up 33.9% compared to the same quarter last year. On average, equities analysts forecast 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 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 of this dividend is Friday, March 6th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is 45.53%.

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.