Arthur J. Gallagher & Co. $AJG Stock Holdings Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,708,676 shares of the financial services provider’s stock after purchasing an additional 306,493 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Arthur J. Gallagher & Co. were worth $442,188,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vantus Wealth LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $341,000. Resolute Capital LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $295,000. Redwood Financial Network Corp raised its stake in shares of Arthur J. Gallagher & Co. by 15.7% in the 4th quarter. Redwood Financial Network Corp now owns 782 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 106 shares in the last quarter. Consolidated Capital Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 48.9% in the 4th quarter. Consolidated Capital Management LLC now owns 1,005 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 330 shares in the last quarter. Finally, MUFG Securities EMEA plc raised its stake in shares of Arthur J. Gallagher & Co. by 114.4% in the 4th quarter. MUFG Securities EMEA plc now owns 10,522 shares of the financial services provider’s stock valued at $2,723,000 after purchasing an additional 5,615 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $210.77 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $337.33. The firm has a 50-day simple moving average of $210.44 and a 200 day simple moving average of $229.38. The company has a market cap of $54.15 billion, a PE ratio of 34.10, a P/E/G ratio of 1.02 and a beta of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $3.67 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a $0.70 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.80 annualized dividend and a yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AJG. UBS Group set a $240.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Thursday, May 21st. Royal Bank Of Canada started coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 price objective for the company. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Truist Financial lowered their price objective on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.00.

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.