Arthur J. Gallagher & Co. $AJG Stock Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 22.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,296 shares of the financial services provider’s stock after acquiring an additional 5,569 shares during the period. Yousif Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in Arthur J. Gallagher & Co. by 14.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,242,088 shares of the financial services provider’s stock worth $702,182,000 after purchasing an additional 409,145 shares during the last quarter. Gtcr LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $514,112,000. Janus Henderson Group PLC lifted its stake in shares of Arthur J. Gallagher & Co. by 5.4% in the first quarter. Janus Henderson Group PLC now owns 1,970,990 shares of the financial services provider’s stock valued at $426,887,000 after buying an additional 101,431 shares during the period. Bank of America Corp DE lifted its stake in shares of Arthur J. Gallagher & Co. by 23.0% in the first quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider’s stock valued at $401,645,000 after buying an additional 346,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Arthur J. Gallagher & Co. by 0.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,453,774 shares of the financial services provider’s stock worth $333,743,000 after buying an additional 3,905 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 several research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $250.00 price target (down from $271.00) on shares of Arthur J. Gallagher & Co. in a research note on Thursday, September 24th. Mizuho reduced their price objective on Arthur J. Gallagher & Co. from $292.00 to $271.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the stock a “hold” rating in a report on Friday, July 31st. Barclays lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Wolfe Research cut Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.74.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $268.28 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day moving average of $247.30 and a 200-day moving average of $233.76. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $284.17. The company has a market capitalization of $68.76 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 1.53 and a beta of 0.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 13.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 46.43%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 12,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $270.08, for a total value of $3,240,960.00. Following the sale, the general counsel directly owned 71,292 shares in the company, valued at $19,254,543.36. This represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Richard C. Cary sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total value of $252,860.00. Following the transaction, the chief accounting officer directly owned 46,819 shares of the company’s stock, valued at approximately $11,838,652.34. The trade was a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,500 shares of company stock worth $7,562,950 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.