Livforsakringsbolaget Skandia Omsesidigt Has $105,000 Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 132.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 465 shares of the financial services provider’s stock after purchasing an additional 265 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Arthur J. Gallagher & Co. were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC boosted its position in shares of Arthur J. Gallagher & Co. by 8.1% in the 3rd quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock valued at $2,202,742,000 after purchasing an additional 726,485 shares during the period. Norges Bank acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $1,431,788,000. Morgan Stanley boosted its position in Arthur J. Gallagher & Co. by 0.6% during the 3rd quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock worth $1,415,345,000 after acquiring an additional 34,999 shares during the period. JPMorgan Chase & Co. boosted its position in Arthur J. Gallagher & Co. by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider’s stock worth $1,139,872,000 after acquiring an additional 90,842 shares during the period. Finally, Geode Capital Management LLC boosted its position in Arthur J. Gallagher & Co. by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 4,609,810 shares of the financial services provider’s stock worth $880,442,000 after acquiring an additional 74,974 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $233.99 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $244.43 and its two-hundred day moving average is $238.61. The company has a market cap of $51.08 billion, a P/E ratio of 52.70, a P/E/G ratio of 2.18 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the previous year, the business posted $1.54 EPS. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.60 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is currently 54.05%.

Analysts Set New Price Targets

AJG has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price target for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. TD Cowen raised their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their price target on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $255.23.

Insiders Place Their Bets

In other news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the sale, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David S. Johnson sold 500 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock valued at $7,176,180 in the last three months. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.