Arthur J. Gallagher & Co. $AJG Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 125.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 98,193 shares of the financial services provider’s stock after buying an additional 54,639 shares during the period. Corient Private Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $25,431,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $1,925,062,000. T. Rowe Price Investment Management Inc. raised its position in Arthur J. Gallagher & Co. by 123.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider’s stock worth $1,523,636,000 after acquiring an additional 3,253,498 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Arthur J. Gallagher & Co. by 9,244.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,053,636 shares of the financial services provider’s stock valued at $272,670,000 after purchasing an additional 1,042,361 shares in the last quarter. Viking Global Investors LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $269,394,000. Finally, Dodge & Cox acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $227,887,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday. Barclays raised their price target 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. Keefe, Bruyette & Woods boosted their price target 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. Piper Sandler decreased their price objective on 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, Mizuho cut their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.12.

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

In related news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction 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 transaction, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. This trade 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 can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 2.3%

Shares of AJG stock opened at $209.15 on Tuesday. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $327.34. The firm’s 50-day simple moving average is $210.45 and its 200-day simple moving average is $226.51. The firm has a market cap of $53.73 billion, a P/E ratio of 33.84, a PEG 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.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued 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. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.67 earnings per share. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 13.24 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.31%.

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.