IFM Investors Pty Ltd Boosts Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

IFM Investors Pty Ltd lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,909 shares of the financial services provider’s stock after buying an additional 3,096 shares during the period. IFM Investors Pty Ltd’s holdings in Arthur J. Gallagher & Co. were worth $12,636,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $217,000. Brookstone Capital Management boosted its position in Arthur J. Gallagher & Co. by 70.4% during the 1st quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after buying an additional 5,308 shares during the period. Aspiriant LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth $212,000. OneAscent Wealth Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 9.4% in the first quarter. OneAscent Wealth Management LLC now owns 1,380 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 119 shares during the period. Finally, OneAscent Financial Services LLC raised its stake in shares of Arthur J. Gallagher & Co. by 22.5% during the first quarter. OneAscent Financial Services LLC now owns 2,787 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 511 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares in the company, valued at approximately $8,536,855.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the sale, the general counsel now owns 30,053 shares in the company, valued at $8,536,855.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,625,146.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,145 shares of company stock worth $12,622,660 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial boosted their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Bank of America boosted their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $287.00.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $287.35 on Friday. The company has a 50 day simple moving average of $289.20 and a two-hundred day simple moving average of $268.76. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $301.04. The company has a market capitalization of $62.79 billion, a price-to-earnings ratio of 58.17, a P/E/G ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the company earned $1.90 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

About Arthur J. Gallagher & Co.

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.