Banque Cantonale Vaudoise Acquires Shares of 2,627 Arthur J. Gallagher & Co. $AJG

Banque Cantonale Vaudoise acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,627 shares of the financial services provider’s stock, valued at approximately $569,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. grew its position 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 worth $34,000 after acquiring an additional 91 shares during the period. MV Capital Management Inc. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $34,000. Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. in the third quarter valued at $39,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.1%

Arthur J. Gallagher & Co. stock opened at $226.34 on Monday. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $323.25. The stock has a market cap of $58.15 billion, a PE ratio of 36.62, a P/E/G ratio of 1.15 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 stock’s fifty day moving average is $210.49 and its two-hundred day moving average is $225.90.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm posted $3.67 EPS. The company’s revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 13.23 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.2%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.31%.

Analyst Ratings Changes

A number of research firms have commented on AJG. BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and upped their target price for the company from $275.00 to $278.00 in a research report on Tuesday, March 24th. Truist Financial dropped their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Arthur J. Gallagher & Co. in a research note on Monday, June 15th. Jefferies Financial Group upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $235.00 to $265.00 in a report on Thursday, June 11th. Finally, Citigroup upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $264.12.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. 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 transaction, the chief accounting officer owned 47,819 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 1.40% 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.