Factory Mutual Insurance Co. Has $15.33 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Factory Mutual Insurance Co. increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 241.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 49,500 shares of the financial services provider’s stock after acquiring an additional 35,000 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Arthur J. Gallagher & Co. were worth $15,332,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AJG. D.A. Davidson & CO. increased its position in Arthur J. Gallagher & Co. by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 2,892 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 35 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Arthur J. Gallagher & Co. by 6.5% in the second quarter. Parkside Financial Bank & Trust now owns 570 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 35 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Arthur J. Gallagher & Co. by 1.4% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,623 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 35 shares during the period. CX Institutional raised its position in Arthur J. Gallagher & Co. by 2.1% during the 3rd quarter. CX Institutional now owns 1,782 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 36 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in Arthur J. Gallagher & Co. by 1.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,958 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 38 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 1.9%

AJG opened at $218.47 on Friday. The company has a fifty day moving average price of $247.17 and a two-hundred day moving average price of $268.80. Arthur J. Gallagher & Co. has a 1-year low of $195.00 and a 1-year high of $351.23. The company has a market cap of $56.17 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 1.16 and a beta of 0.66. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business posted $1.12 EPS. The firm’s revenue for the quarter was up 33.9% compared to the same quarter last year. Analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is currently 42.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on Arthur J. Gallagher & Co. from $250.00 to $247.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of Arthur J. Gallagher & Co. from $279.00 to $249.00 and set a “market perform” rating for the company in a report on Friday, January 30th. Piper Sandler reduced their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $249.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company dropped their target price on shares of Arthur J. Gallagher & Co. from $311.00 to $298.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $284.12.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total value of $1,032,440.00. Following the transaction, the vice president directly owned 17,327 shares of the company’s stock, valued at approximately $4,472,271.97. This trade represents a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Walter D. Bay sold 15,850 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $255.00, for a total transaction of $4,041,750.00. Following the sale, the general counsel directly owned 79,549 shares of the company’s stock, valued at approximately $20,284,995. The trade was a 16.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,850 shares of company stock worth $6,364,440 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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.