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

IFM Investors Pty Ltd lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,353 shares of the financial services provider’s stock after buying an additional 2,484 shares during the period. IFM Investors Pty Ltd’s holdings in Arthur J. Gallagher & Co. were worth $10,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $26,000. MV Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $34,000. Rakuten Securities Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $39,000. Finally, Prosperity Bancshares Inc bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $42,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AJG. Truist Financial lowered their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada began coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price target on the stock. Piper Sandler lowered their price target on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Keefe, Bruyette & Woods increased their price objective on Arthur J. Gallagher & Co. from $235.00 to $242.00 and gave the stock a “market perform” rating in a research note on Thursday, June 18th. Finally, Wells Fargo & Company cut their price objective on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average price target of $264.12.

Arthur J. Gallagher & Co. Trading Up 4.2%

AJG stock opened at $239.16 on Thursday. The business has a fifty day moving average price of $211.04 and a 200 day moving average price of $225.67. 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. has a fifty-two week low of $190.75 and a fifty-two week high of $320.00. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 1.17 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping 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 company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the firm earned $3.67 earnings per share. The business’s revenue was up 29.0% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post 13.23 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders 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 dividend on an annualized basis and a yield of 1.2%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.31%.

Insider Buying and Selling

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate 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.