James Investment Research Inc. Has $3.15 Million Holdings in Arthur J. Gallagher & Co. $AJG

James Investment Research Inc. trimmed its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 39.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,534 shares of the financial services provider’s stock after selling 9,437 shares during the period. James Investment Research Inc.’s holdings in Arthur J. Gallagher & Co. were worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth $26,000. MV Capital Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $34,000. Rakuten Securities Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter worth $39,000. Finally, Prosperity Bancshares Inc acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $42,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Up 4.2%

AJG stock opened at $239.16 on Thursday. The stock has a market capitalization of $61.44 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $320.00. The firm has a 50-day moving average price of $211.04 and a 200-day moving average price of $225.67.

Arthur J. Gallagher & Co. (NYSE:AJG) 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 the consensus estimate of $4.43 by $0.04. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.67 EPS. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 13.23 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.2%. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.31%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler reduced their price objective on shares of 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. Truist Financial cut their price target 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. UBS Group reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, June 18th. Wells Fargo & Company lowered their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada assumed coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 17th. They set an “outperform” rating and a $260.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Moderate Buy” and an average target price of $264.12.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

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.