Capital International Inc. CA Has $66.87 Million Stake in Arthur J. Gallagher & Co. $AJG

Capital International Inc. CA boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 24.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,889 shares of the financial services provider’s stock after buying an additional 42,084 shares during the quarter. Capital International Inc. CA’s holdings in Arthur J. Gallagher & Co. were worth $66,869,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Capital International Investors lifted its stake in shares of Arthur J. Gallagher & Co. by 0.6% in the third quarter. Capital International Investors now owns 7,194,743 shares of the financial services provider’s stock worth $2,228,156,000 after acquiring an additional 45,256 shares during the period. Bank of Montreal Can raised its holdings in Arthur J. Gallagher & Co. by 5.8% during the 3rd quarter. Bank of Montreal Can now owns 238,322 shares of the financial services provider’s stock worth $73,818,000 after purchasing an additional 12,999 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Arthur J. Gallagher & Co. by 5.3% in the 3rd quarter. Legal & General Group Plc now owns 1,385,702 shares of the financial services provider’s stock worth $429,207,000 after purchasing an additional 69,208 shares during the period. Sandhill Capital Partners LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $33,530,000. Finally, LGT Fund Management Co Ltd. raised its stake in Arthur J. Gallagher & Co. by 19.7% during the third quarter. LGT Fund Management Co Ltd. now owns 10,945 shares of the financial services provider’s stock worth $3,347,000 after buying an additional 1,800 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Down 4.5%

Shares of NYSE:AJG opened at $217.87 on Tuesday. The stock has a market cap of $56.02 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 1.11 and a beta of 0.67. The business’s 50 day moving average is $238.98 and its 200 day moving average is $262.54. Arthur J. Gallagher & Co. has a 12-month low of $195.00 and a 12-month high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $0.70 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.53%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the sale, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This trade represents a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $227.57, for a total transaction of $864,766.00. Following the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,650 shares of company stock valued at $8,137,686. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AJG. Wells Fargo & Company decreased their price target on Arthur J. Gallagher & Co. from $311.00 to $298.00 and set an “overweight” rating for the company in a report on Friday, January 30th. BMO Capital Markets lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and cut their target price for the company from $289.00 to $275.00 in a research report on Tuesday, January 13th. Needham & Company LLC set a $272.00 target price on Arthur J. Gallagher & Co. in a report on Thursday, December 18th. Keefe, Bruyette & Woods cut their price target on Arthur J. Gallagher & Co. from $279.00 to $249.00 and set a “market perform” rating on the stock in a report on Friday, January 30th. Finally, Piper Sandler lowered their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $281.76.

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.