Vinva Investment Management Ltd Acquires 963 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Vinva Investment Management Ltd increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,532 shares of the financial services provider’s stock after acquiring an additional 963 shares during the period. Vinva Investment Management Ltd’s holdings in Arthur J. Gallagher & Co. were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. increased its holdings in Arthur J. Gallagher & Co. by 21.9% during the third quarter. Atria Wealth Solutions Inc. now owns 11,140 shares of the financial services provider’s stock worth $2,539,000 after buying an additional 1,998 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Arthur J. Gallagher & Co. by 14.4% during the third quarter. Janney Montgomery Scott LLC now owns 21,445 shares of the financial services provider’s stock worth $4,888,000 after purchasing an additional 2,698 shares during the period. Sequoia Financial Advisors LLC increased its position in Arthur J. Gallagher & Co. by 1.7% during the third quarter. Sequoia Financial Advisors LLC now owns 3,850 shares of the financial services provider’s stock worth $878,000 after buying an additional 66 shares during the last quarter. Burney Co. acquired a new stake in shares of Arthur J. Gallagher & Co. in the third quarter valued at approximately $635,000. Finally, Shell Asset Management Co. raised its position in shares of Arthur J. Gallagher & Co. by 4.5% in the third quarter. Shell Asset Management Co. now owns 2,051 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 89 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Up 0.7 %

Shares of Arthur J. Gallagher & Co. stock traded up $1.77 during trading on Friday, hitting $253.41. The company’s stock had a trading volume of 439,920 shares, compared to its average volume of 836,850. Arthur J. Gallagher & Co. has a 52 week low of $203.35 and a 52 week high of $259.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $55.37 billion, a PE ratio of 50.91, a P/E/G ratio of 2.29 and a beta of 0.72. The company has a fifty day simple moving average of $244.75 and a two-hundred day simple moving average of $241.19.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the company earned $3.03 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is presently 48.58%.

Insider Activity

In related news, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares in the company, valued at approximately $516,269.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, General Counsel Walter D. Bay sold 800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $257.24, for a total transaction of $205,792.00. Following the transaction, the general counsel now owns 44,691 shares of the company’s stock, valued at approximately $11,496,312.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares of the company’s stock, valued at $516,269.60. The disclosure for this sale can be found here. Insiders sold 51,069 shares of company stock valued at $12,946,945 over the last three months. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AJG shares. TD Cowen upped their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Piper Sandler cut their price target on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Bank of America boosted their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a report on Wednesday, May 22nd. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Argus raised their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $255.71.

Get Our Latest Stock Report on AJG

Arthur J. Gallagher & Co. Company Profile

(Free Report)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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