Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 536,693 shares of the financial services provider’s stock after selling 18,378 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Arthur J. Gallagher & Co. worth $122,425,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Gtcr LLC bought a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $514,112,000. Bank of New York Mellon Corp purchased a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $289,484,000. Tidal Investments LLC boosted its position in shares of Arthur J. Gallagher & Co. by 303.7% in the second quarter. Tidal Investments LLC now owns 638,601 shares of the financial services provider’s stock worth $146,604,000 after purchasing an additional 480,413 shares during the period. Principal Financial Group Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 14.4% in the first quarter. Principal Financial Group Inc. now owns 3,242,088 shares of the financial services provider’s stock worth $702,182,000 after purchasing an additional 409,145 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Arthur J. Gallagher & Co. by 23.0% in the first quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider’s stock worth $401,645,000 after purchasing an additional 346,409 shares during the period. 85.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Seaport Research Partners upgraded shares of Arthur J. Gallagher & Co. to a “buy” rating in a research report on Wednesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, October 9th. Citigroup downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $285.00 to $300.00 in a report on Monday. BMO Capital Markets cut their price target on Arthur J. Gallagher & Co. from $278.00 to $255.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Finally, Oppenheimer assumed coverage on Arthur J. Gallagher & Co. in a report on Wednesday, October 7th. They set a “market perform” rating on the stock. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $289.89.
View Our Latest Stock Report on Arthur J. Gallagher & Co.
Key Stories Impacting Arthur J. Gallagher & Co.
Here are the key news stories impacting Arthur J. Gallagher & Co. this week:
- Positive Sentiment: UBS raised its price target from $299 to $320 and maintained a “Buy” rating. The new target implies approximately 14.6% upside, signaling confidence in Gallagher’s earnings growth and business momentum. UBS raises Arthur J. Gallagher price target
- Positive Sentiment: Wells Fargo increased its target from $284 to $312 and retained an “Overweight” rating. The higher target reflects an expectation that AJG can continue benefiting from revenue growth and favorable insurance-market conditions. Wells Fargo raises Arthur J. Gallagher price target
- Positive Sentiment: Barclays reaffirmed its “Buy” rating, adding to the broadly constructive analyst view. AJG also recently reached a new 52-week high after reporting strong earnings. Barclays reaffirms Buy rating
- Neutral Sentiment: Additional analyst actions raised price targets to $275 and $302, showing continued reassessment of AJG’s valuation after its earnings report. However, the $275 target is below the current trading level. Arthur J. Gallagher $275 price target Arthur J. Gallagher $302 price target
- Negative Sentiment: Citigroup downgraded AJG from “Buy” to “Neutral.” Although Citi raised its price target from $285 to $300, the downgrade indicates that the stock’s recent rally may have reduced its risk-adjusted upside. Citigroup downgrades Arthur J. Gallagher
Arthur J. Gallagher & Co. Trading Up 1.1%
Shares of AJG opened at $279.22 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $281.53. The company has a 50 day simple moving average of $248.73 and a two-hundred day simple moving average of $232.66. The firm has a market cap of $71.56 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.49 and a beta of 0.55.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.01. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 13.15 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, December 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, December 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 42.81%.
Insider Activity at Arthur J. Gallagher & Co.
In other Arthur J. Gallagher & Co. news, VP Christopher Mead sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the sale, the vice president owned 22,223 shares in the company, valued at $5,711,755.46. The trade was a 13.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Hudson sold 12,000 shares of the 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 transaction, the vice president directly owned 90,262 shares of the company’s stock, valued at $23,840,902.06. This trade represents a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,500 shares of company stock valued at $7,562,950. 1.40% of the stock is currently owned by insiders.
Arthur J. Gallagher & Co. Profile
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.
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