Kornitzer Capital Management Inc. KS decreased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,349 shares of the financial services provider’s stock after selling 2,964 shares during the period. Arthur J. Gallagher & Co. comprises approximately 1.1% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 21st largest holding. Kornitzer Capital Management Inc. KS owned approximately 0.09% of Arthur J. Gallagher & Co. worth $52,488,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AJG. Kemnay Advisory Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $26,000. MV Capital Management Inc. bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth about $34,000. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% during 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. Prosperity Bancshares Inc bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 147 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on AJG shares. Morgan Stanley raised their price objective on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Monday. Citigroup raised Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Barclays raised their price target on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Arthur J. Gallagher & Co. from $242.00 to $261.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, BMO Capital Markets upgraded shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $274.18.
Insider Activity at Arthur J. Gallagher & Co.
In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the sale, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.
Arthur J. Gallagher & Co. Stock Down 0.2%
Arthur J. Gallagher & Co. stock traded down $0.60 during mid-day trading on Friday, reaching $253.16. 1,032,986 shares of the company were exchanged, compared to its average volume of 1,830,509. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $65.04 billion, a P/E ratio of 40.96, a PEG ratio of 1.31 and a beta of 0.50. The business has a fifty day moving average of $216.10 and a 200 day moving average of $225.86. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $316.71.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business’s revenue was up 29.0% compared to the same quarter last year. During the same period last year, the business posted $3.67 EPS. Research analysts anticipate that Arthur J. Gallagher & Co. will post 13.23 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were issued a $0.70 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.
Key Stories Impacting Arthur J. Gallagher & Co.
Here are the key news stories impacting Arthur J. Gallagher & Co. this week:
- Positive Sentiment: Wells Fargo raised its price target on Arthur J. Gallagher & Co. to $299 from $271 and kept an overweight rating, signaling confidence in further upside for the insurance broker. Benzinga article
- Positive Sentiment: Mizuho also lifted its target to $287 from $261 and maintained an outperform rating, reinforcing a constructive view on AJG’s growth prospects. Benzinga article
- Positive Sentiment: AJG announced the acquisition of Med James, Inc., adding to its long-running acquisition-driven expansion strategy. PR Newswire article
- Positive Sentiment: Management also announced the date for its second-quarter 2026 earnings release and conference call, keeping investors focused on upcoming results. PR Newswire article
- Neutral Sentiment: Zacks said AJG trades at a discount to the industry on a valuation basis, but noted the company still faces margin and leverage challenges despite solid organic growth and acquisition activity. Zacks article
- Neutral Sentiment: MarketWatch noted the stock underperformed peers in recent trading, suggesting AJG has lagged some competitors even as broader analyst sentiment remains mixed. MarketWatch article
- Negative Sentiment: Wolfe Research downgraded Arthur J. Gallagher & Co. to peer perform from outperform, which likely weighed on sentiment and helped offset the bullish target increases. Downgrade article
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.
Featured Articles
- Five stocks we like better than Arthur J. Gallagher & Co.
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJG – Free Report).
Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
-tbk-logo-1200x675.png){kind=logo}
