C WorldWide Group Holding A S Reduces Position in Arthur J. Gallagher & Co. $AJG

C WorldWide Group Holding A S decreased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 63.3% during the 1st quarter, Holdings Channel reports. The firm owned 3,381 shares of the financial services provider’s stock after selling 5,843 shares during the period. C WorldWide Group Holding A S’s holdings in Arthur J. Gallagher & Co. were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $26,000. MV Capital Management Inc. purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $34,000. Rakuten Securities Inc. raised its stake 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 valued at $34,000 after acquiring an additional 91 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth about $40,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $42,000. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was 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 owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AJG. Royal Bank Of Canada boosted their price target on Arthur J. Gallagher & Co. from $260.00 to $300.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Truist Financial reduced their target price on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $242.00 to $261.00 and gave the company a “market perform” rating in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald raised their price target on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $280.35.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $255.72 on Friday. The company has a 50-day simple moving average of $220.23 and a two-hundred day simple moving average of $225.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $65.70 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $316.71.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The firm 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 for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.67 EPS. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed 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 dividend payout ratio is 45.31%.

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.