PBU The Pension Fund of Early Childhood & Youth Educators Purchases New Holdings in Arthur J. Gallagher & Co. $AJG

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 36,233 shares of the financial services provider’s stock, valued at approximately $9,377,000.

A number of other large investors also recently bought and sold shares of AJG. Norges Bank purchased a new position in Arthur J. Gallagher & Co. during the 4th quarter valued at about $1,925,062,000. JPMorgan Chase & Co. lifted its position in Arthur J. Gallagher & Co. by 19.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock valued at $6,299,674,000 after acquiring an additional 3,330,205 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Arthur J. Gallagher & Co. by 9,244.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,053,636 shares of the financial services provider’s stock valued at $272,670,000 after acquiring an additional 1,042,361 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Arthur J. Gallagher & Co. by 30.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,107,390 shares of the financial services provider’s stock valued at $962,483,000 after acquiring an additional 725,555 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Arthur J. Gallagher & Co. by 13.7% during the third quarter. Wellington Management Group LLP now owns 3,270,807 shares of the financial services provider’s stock valued at $1,013,100,000 after acquiring an additional 395,304 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Up 2.6%

Shares of Arthur J. Gallagher & Co. stock opened at $216.58 on Friday. 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 stock has a market capitalization of $55.64 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.52. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $330.78. The company has a 50-day simple moving average of $210.49 and a two-hundred day simple moving average of $229.29.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the company earned $3.67 earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 13.27 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 45.31%.

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

In other news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a report on Friday, May 1st. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. UBS Group set a $240.00 target price on shares of Arthur J. Gallagher & Co. in a report on Thursday, May 21st. Truist Financial decreased their target price on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Wells Fargo & Company decreased their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.00.

Arthur J. Gallagher & Co. 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.