Headlands Technologies LLC Makes New Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Headlands Technologies LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,381 shares of the financial services provider’s stock, valued at approximately $311,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in Arthur J. Gallagher & Co. by 8.1% in the third quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock valued at $2,202,742,000 after acquiring an additional 726,485 shares during the last quarter. Morgan Stanley boosted its stake in shares of Arthur J. Gallagher & Co. by 0.6% in the 3rd quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock valued at $1,415,345,000 after purchasing an additional 34,999 shares in the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 90,842 shares in the last quarter. WCM Investment Management LLC lifted its stake in Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. WCM Investment Management LLC now owns 2,610,081 shares of the financial services provider’s stock valued at $583,249,000 after purchasing an additional 13,208 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Arthur J. Gallagher & Co. by 3.6% in the third quarter. Invesco Ltd. now owns 2,572,182 shares of the financial services provider’s stock valued at $586,277,000 after buying an additional 88,861 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the transaction, the vice president now owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $234.11 on Friday. The business has a 50-day moving average price of $244.23 and a two-hundred day moving average price of $238.97. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. The company has a market cap of $51.11 billion, a P/E ratio of 47.39, a PEG ratio of 2.20 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its 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 business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 19.27% and a net margin of 10.27%. During the same quarter last year, the firm posted $1.54 earnings per share. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AJG. Keefe, Bruyette & Woods dropped 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. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price target for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. TD Cowen lifted their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Truist Financial reissued a “hold” rating and set a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $255.23.

Arthur J. Gallagher & Co. 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.