PBU The Pension Fund of Early Childhood & Youth Educators Buys New Position in Arthur J. Gallagher & Co. $AJG

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,233 shares of the financial services provider’s stock, valued at approximately $9,377,000.

Several other large investors also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in Arthur J. Gallagher & Co. by 1.4% during the third quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock valued at $949,000 after buying an additional 41 shares during the period. AMG National Trust Bank grew its position in Arthur J. Gallagher & Co. by 2.7% during the third quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock valued at $501,000 after buying an additional 42 shares during the period. Journey Strategic Wealth LLC grew its position in Arthur J. Gallagher & Co. by 2.9% during the third quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock valued at $480,000 after buying an additional 43 shares during the period. KCM Investment Advisors LLC grew its position in Arthur J. Gallagher & Co. by 4.1% during the third quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock valued at $349,000 after buying an additional 44 shares during the period. Finally, Ritholtz Wealth Management grew its position in Arthur J. Gallagher & Co. by 0.4% during the fourth quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after buying an additional 45 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $216.58 on Friday. The firm has a market cap of $55.64 billion, a P/E ratio of 35.05, a PEG ratio of 1.09 and a beta of 0.52. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $330.78. The company has a 50 day simple moving average of $210.49 and a two-hundred day simple moving average of $229.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06.

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, topping analysts’ consensus estimates of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates 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 was up 29.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.67 earnings per share. Equities analysts forecast that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given 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 dividend yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.31%.

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

In related news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the transaction, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AJG. Barclays boosted their target price on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Citigroup upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and cut their target price for the company from $280.00 to $250.00 in a research report on Wednesday, May 6th. Wells Fargo & Company cut their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Morgan Stanley dropped their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Finally, Truist Financial dropped their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Moderate Buy” and an average target price of $264.00.

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.