79,616 Shares of Arthur J. Gallagher & Co. $AJG Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 79,616 shares of the financial services provider’s stock, valued at approximately $18,161,000.

Several other institutional investors also recently bought and sold shares of AJG. Profund Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. by 10.9% during the 3rd quarter. Profund Advisors LLC now owns 2,387 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 235 shares during the period. Vise Technologies Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 9.5% in the 3rd quarter. Vise Technologies Inc. now owns 6,881 shares of the financial services provider’s stock valued at $1,570,000 after purchasing an additional 599 shares during the period. Cidel Asset Management Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $201,000. MGO One Seven LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.6% during the third quarter. MGO One Seven LLC now owns 6,989 shares of the financial services provider’s stock worth $1,594,000 after buying an additional 39 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 2.4% during the third quarter. Aprio Wealth Management LLC now owns 3,430 shares of the financial services provider’s stock worth $782,000 after buying an additional 80 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Arthur J. Gallagher & Co.

Here are the key news stories impacting Arthur J. Gallagher & Co. this week:

  • Positive Sentiment: Jefferies raised its target to $319 and maintained a Buy rating. UBS also raised its target to $320 and kept a Buy rating; Wells Fargo raised its target to $312 and maintained an Overweight rating. These higher targets suggest the firms see further upside. Jefferies rating Wells Fargo rating
  • Positive Sentiment: A report on AJG’s third-quarter earnings call highlighted strong growth, reinforcing the company’s growth narrative. Earnings call highlights
  • Neutral Sentiment: Gallagher named Tom Doyle CEO of its Benefits & HR unit in a leadership transition. The announcement provides continuity, but no financial impact was specified. Leadership announcement
  • Negative Sentiment: Citi cut AJG to Neutral, citing a more balanced risk-reward outlook, and BMO downgraded it to Market Perform. While both firms’ targets remain above the cited share price, the rating cuts may dampen investor enthusiasm. Citi downgrade BMO downgrade

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 12,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the completion of the transaction, the vice president owned 90,262 shares in the company, valued at $23,840,902.06. This represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Walter D. Bay sold 12,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $270.08, for a total transaction of $3,240,960.00. Following the transaction, the general counsel owned 71,292 shares of the company’s stock, valued at approximately $19,254,543.36. This trade represents a 14.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 28,500 shares of company stock valued at $7,562,950. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AJG has been the topic of several analyst reports. Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday. Cantor Fitzgerald decreased their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Evercore increased their target price on shares of Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Royal Bank Of Canada raised their target price on Arthur J. Gallagher & Co. from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Finally, Wolfe Research lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and an average price target of $292.05.

Get Our Latest Analysis on AJG

Arthur J. Gallagher & Co. Trading Down 2.1%

Shares of AJG stock opened at $272.96 on Wednesday. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $281.53. The company has a market cap of $69.96 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 1.60 and a beta of 0.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $248.75 and a 200-day simple moving average of $232.74.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.01. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Arthur J. Gallagher & Co. had a net margin of 10.39% and a return on equity of 13.90%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 EPS. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 13.14 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, December 7th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, December 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 42.81%.

About Arthur J. Gallagher & Co.

(Free Report)

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.

Further Reading

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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