Arthur J. Gallagher & Co. (NYSE:AJG) Stock Position Increased by Fosun International Ltd

Fosun International Ltd boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,497 shares of the financial services provider’s stock after acquiring an additional 382 shares during the quarter. Arthur J. Gallagher & Co. comprises about 0.4% of Fosun International Ltd’s investment portfolio, making the stock its 14th biggest holding. Fosun International Ltd’s holdings in Arthur J. Gallagher & Co. were worth $1,911,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AJG. FMR LLC boosted its holdings in Arthur J. Gallagher & Co. by 8.1% during the third quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock worth $2,202,742,000 after buying an additional 726,485 shares in the last quarter. Morgan Stanley grew its holdings in shares of Arthur J. Gallagher & Co. by 0.6% in the 3rd quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock worth $1,415,345,000 after acquiring an additional 34,999 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Arthur J. Gallagher & Co. by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider’s stock worth $1,139,872,000 after purchasing an additional 90,842 shares during the period. WCM Investment Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. WCM Investment Management LLC now owns 2,610,081 shares of the financial services provider’s stock valued at $583,249,000 after purchasing an additional 13,208 shares during the period. Finally, Invesco Ltd. increased its stake in Arthur J. Gallagher & Co. by 3.6% in the 3rd quarter. Invesco Ltd. now owns 2,572,182 shares of the financial services provider’s stock worth $586,277,000 after purchasing an additional 88,861 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Truist Financial restated a “hold” rating and issued a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price target 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. Keefe, Bruyette & Woods reduced 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 note on Wednesday, April 10th. Finally, TD Cowen lifted their target price on 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $255.31.

Arthur J. Gallagher & Co. Stock Up 0.3 %

Shares of Arthur J. Gallagher & Co. stock traded up $0.65 during trading on Thursday, hitting $245.66. 87,570 shares of the stock traded hands, compared to its average volume of 851,841. The stock has a market cap of $53.68 billion, a P/E ratio of 49.61, a PEG ratio of 2.23 and a beta of 0.69. The company has a fifty day moving average price of $243.71 and a two-hundred day moving average price of $239.27. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $256.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.08. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 earnings per share. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.08 EPS 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 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.98%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 48.58%.

Insiders Place Their Bets

In related news, VP Joel D. Cavaness sold 1,207 shares of the firm’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 value of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction on Monday, March 18th. The shares were 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 owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were 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 $24,666,597.54. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. 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.