Mediolanum International Funds Ltd Has $7.90 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Mediolanum International Funds Ltd reduced its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 14.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 36,574 shares of the financial services provider’s stock after selling 5,954 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Arthur J. Gallagher & Co. were worth $7,898,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AJG. Vanguard Group Inc. boosted its stake in Arthur J. Gallagher & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,390,446 shares of the financial services provider’s stock worth $8,123,534,000 after purchasing an additional 217,136 shares during the period. Capital World Investors raised its stake in Arthur J. Gallagher & Co. by 7.0% during the 4th quarter. Capital World Investors now owns 12,613,371 shares of the financial services provider’s stock valued at $3,264,359,000 after purchasing an additional 830,252 shares during the period. State Street Corp lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.6% in the fourth quarter. State Street Corp now owns 10,953,598 shares of the financial services provider’s stock valued at $2,834,682,000 after purchasing an additional 62,518 shares in the last quarter. Norges Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $1,925,062,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 123.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider’s stock worth $1,523,636,000 after buying an additional 3,253,498 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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

In related news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction 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 sale, the chief accounting officer owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of several recent analyst reports. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $225.00 to $276.00 in a research report on Wednesday, July 15th. Cantor Fitzgerald raised their price objective on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. Weiss Ratings raised shares of Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Finally, Mizuho raised their price target on shares of Arthur J. Gallagher & Co. from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.35.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $253.77 on Tuesday. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $315.48. The stock’s 50-day moving average is $222.45 and its two-hundred day moving average is $225.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $65.19 billion, a P/E ratio of 41.06, a PEG ratio of 1.31 and a beta of 0.50.

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, beating the consensus estimate of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.67 EPS. Analysts predict that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) 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.