Monetary Management Group Inc. Makes New Investment in Arthur J. Gallagher & Co. $AJG

Monetary Management Group Inc. acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 4th quarter, Holdings Channel reports. The firm acquired 2,400 shares of the financial services provider’s stock, valued at approximately $621,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AJG. Jump Financial LLC purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $2,825,000. Qube Research & Technologies Ltd purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $3,429,000. Treasurer of the State of North Carolina increased its holdings in Arthur J. Gallagher & Co. by 5.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 118,467 shares of the financial services provider’s stock worth $37,924,000 after purchasing an additional 5,947 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in Arthur J. Gallagher & Co. by 2,919.2% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 19,987 shares of the financial services provider’s stock worth $6,398,000 after purchasing an additional 19,325 shares during the last quarter. Finally, Armistice Capital LLC purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $412,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

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 transaction of $618,000.00. Following the completion of the transaction, the chief accounting officer owned 47,819 shares in the company, valued at $9,850,714. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Down 1.7%

NYSE:AJG opened at $212.45 on Tuesday. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $327.83. The firm has a market capitalization of $54.58 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.09 and a beta of 0.53. 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 simple moving average of $210.54 and a 200 day simple moving average of $228.75.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the firm posted $3.67 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities research analysts predict that Arthur J. Gallagher & Co. will post 13.27 EPS for the current 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 given a dividend of $0.70 per share. The ex-dividend date is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lifted their target price on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $275.00 to $278.00 in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.59.

Arthur J. Gallagher & Co. Company 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.