Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,061 shares of the financial services provider’s stock after purchasing an additional 4,622 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Arthur J. Gallagher & Co. were worth $10,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AJG. Beaird Harris Wealth Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. in the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its stake in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $33,000. Finally, Milestone Investment Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. in the third quarter valued at approximately $45,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AJG. Truist Financial restated a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods cut their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company 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 lowered their target price for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. 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 report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Trading Down 0.6 %

NYSE AJG traded down $1.53 during trading hours on Thursday, hitting $235.28. 12,923 shares of the company’s stock were exchanged, compared to its average volume of 856,611. The business’s 50 day moving average is $244.41 and its 200-day moving average is $238.94. Arthur J. Gallagher & Co. has a 12-month low of $198.52 and a 12-month high of $256.10. The firm has a market capitalization of $51.36 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03.

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

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.02%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 54.05%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the sale, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction that occurred 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 directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 in the last three months. 1.60% of the stock is owned by insiders.

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.