Vise Technologies Inc. Acquires 3,278 Shares of Arthur J. Gallagher & Co. $AJG

Vise Technologies Inc. increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 142.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,577 shares of the financial services provider’s stock after purchasing an additional 3,278 shares during the quarter. Vise Technologies Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,443,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake in Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Financial Life Planners bought a new position in Arthur J. Gallagher & Co. in the third quarter worth approximately $39,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after buying an additional 147 shares in the last quarter. CVA Family Office LLC raised its stake in Arthur J. Gallagher & Co. by 84.8% in the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after buying an additional 84 shares in the last quarter. Finally, Entrust Financial LLC purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth $51,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price target on the stock. UBS Group raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Monday. Barclays lifted their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Finally, Mizuho cut their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $264.59.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $212.45 on Tuesday. The firm has a market capitalization of $54.58 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $327.83. The company’s fifty day moving average price is $210.54 and its 200-day moving average price is $228.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. The firm 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 business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.67 earnings per share. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is 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 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

About Arthur J. Gallagher & Co.

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.