AIA Group Ltd Has $972,000 Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

AIA Group Ltd trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,323 shares of the financial services provider’s stock after selling 2,133 shares during the quarter. AIA Group Ltd’s holdings in Arthur J. Gallagher & Co. were worth $972,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AJG. U.S. Capital Wealth Advisors LLC grew its position in Arthur J. Gallagher & Co. by 7.5% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 90 shares during the period. Canada Pension Plan Investment Board lifted its stake in Arthur J. Gallagher & Co. by 49.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock valued at $925,000 after buying an additional 1,744 shares during the period. Prudential PLC acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $838,000. Sequoia Financial Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 37.7% during the first quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 693 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in Arthur J. Gallagher & Co. by 25.0% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock valued at $1,953,000 after buying an additional 2,235 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial restated a “hold” rating and issued a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods reduced their price target on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their target price for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Finally, TD Cowen upped their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $255.23.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $236.57 on Friday. The company has a market cap of $51.64 billion, a PE ratio of 53.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10. The business has a 50 day moving average price of $244.38 and a 200-day moving average price of $238.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $1.54 earnings per share. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.01%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. Arthur J. Gallagher & Co.’s dividend payout ratio is 54.05%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, 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 transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at $516,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Joel D. Cavaness sold 1,207 shares of the 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 sale, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock valued at $7,176,180 over the last three months. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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.