IFM Investors Pty Ltd Has $10.90 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

IFM Investors Pty Ltd increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,353 shares of the financial services provider’s stock after purchasing an additional 2,484 shares during the quarter. IFM Investors Pty Ltd’s holdings in Arthur J. Gallagher & Co. were worth $10,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AJG. Kemnay Advisory Services Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $26,000. MV Capital Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $34,000. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 91 shares during the period. Financial Life Planners bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at approximately $39,000. Finally, Prosperity Bancshares Inc acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth $42,000. 85.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on AJG shares. UBS Group reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, June 18th. BMO Capital Markets raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $275.00 to $278.00 in a research note on Tuesday, March 24th. Truist Financial dropped their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a report on Friday, May 1st. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $235.00 to $242.00 and gave the stock a “market perform” rating in a report on Thursday, June 18th. Finally, Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and a consensus price target of $264.12.

Arthur J. Gallagher & Co. Stock Up 4.2%

Shares of Arthur J. Gallagher & Co. stock opened at $239.16 on Thursday. The company has a market capitalization of $61.44 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $211.04 and a two-hundred day moving average of $225.67. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $320.00.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the business posted $3.67 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 13.23 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.2%. Arthur J. Gallagher & Co.’s payout ratio is presently 45.31%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the sale, the chief accounting officer owned 47,819 shares of the company’s stock, valued at $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

About Arthur J. Gallagher & Co.

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.