Arthur J. Gallagher & Co. $AJG Position Increased by J.Safra Asset Management Corp

J.Safra Asset Management Corp lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 2,734.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,231 shares of the financial services provider’s stock after acquiring an additional 3,117 shares during the period. J.Safra Asset Management Corp’s holdings in Arthur J. Gallagher & Co. were worth $836,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the period. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter valued at $39,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Arthur J. Gallagher & Co. by 84.8% in the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after buying an additional 84 shares during the period. Finally, Entrust Financial LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $220.25 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $56.58 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $327.34. The company has a 50 day moving average price of $210.83 and a two-hundred day moving average price of $228.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the prior year, the business posted $3.67 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 29.0% on a year-over-year basis. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Analyst Ratings Changes

Several brokerages recently issued reports on AJG. Truist Financial reduced their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, May 1st. BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $275.00 to $278.00 in a research report on Tuesday, March 24th. Barclays raised their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Piper Sandler dropped their price objective on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $264.59.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.