Interval Partners LP Takes Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Interval Partners LP bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 65,623 shares of the financial services provider’s stock, valued at approximately $18,627,000.

A number of other large investors have also recently added to or reduced their stakes in AJG. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $25,000. MRP Capital Investments LLC acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $28,000. New Age Alpha Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 49 shares during the period. Johnson Financial Group Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock worth $34,000 after buying an additional 76 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $338.67 on Friday. The business has a 50-day moving average price of $330.37 and a two-hundred day moving average price of $310.13. Arthur J. Gallagher & Co. has a 1-year low of $244.60 and a 1-year high of $350.70. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $86.61 billion, a P/E ratio of 51.94 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.45 earnings per share. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.’s payout ratio is 37.63%.

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

In related news, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares of the company’s stock, valued at $30,029,771.80. The trade was a 7.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,835 shares of company stock valued at $5,839,830. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AJG shares. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 target price on the stock. Wells Fargo & Company boosted their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, April 10th. Finally, Jefferies Financial Group cut their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $315.33.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.