Janus Henderson Group PLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,869,559 shares of the financial services provider’s stock after acquiring an additional 239,272 shares during the quarter. Janus Henderson Group PLC’s holdings in Arthur J. Gallagher & Co. were worth $483,868,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of AJG. IFP Advisors Inc raised its stake in shares of Arthur J. Gallagher & Co. by 1.4% in the third quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock valued at $949,000 after buying an additional 41 shares during the period. AMG National Trust Bank raised its stake in shares of Arthur J. Gallagher & Co. by 2.7% in the third quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock valued at $501,000 after buying an additional 42 shares during the period. Journey Strategic Wealth LLC raised its stake in shares of Arthur J. Gallagher & Co. by 2.9% in the third quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock valued at $480,000 after buying an additional 43 shares during the period. KCM Investment Advisors LLC raised its stake in shares of Arthur J. Gallagher & Co. by 4.1% in the third quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock valued at $349,000 after buying an additional 44 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the fourth quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after buying an additional 45 shares during the period. 85.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AJG has been the topic of several research reports. Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and lowered their target price for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Arthur J. Gallagher & Co. in a research note on Monday. Piper Sandler lowered their target price 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. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $278.00 in a research note on Tuesday, March 24th. Finally, Barclays boosted their price objective on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $263.71.
Arthur J. Gallagher & Co. Stock Performance
NYSE:AJG opened at $216.21 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $327.34. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.09 and a beta of 0.52. The business’s fifty day moving average is $210.84 and its 200 day moving average is $227.22.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $3.67 EPS. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. Research analysts predict that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.
Arthur J. Gallagher & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.31%.
Insiders Place Their Bets
In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated 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 directly owned 47,819 shares in the company, valued at $9,850,714. This represents a 5.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.
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.
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