United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes $18.74 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,331 shares of the financial services provider’s stock, valued at approximately $18,739,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AJG. Truist Financial reiterated a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Royal Bank of Canada increased their price target 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. Keefe, Bruyette & Woods lowered their price target on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. TD Cowen raised their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $255.23.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the sale, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the sale, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 0.4 %

NYSE AJG traded down $0.91 on Wednesday, reaching $230.52. 735,836 shares of the company were exchanged, compared to its average volume of 869,194. The business’s fifty day moving average price is $244.60 and its 200 day moving average price is $238.70. The stock has a market capitalization of $50.32 billion, a P/E ratio of 52.02, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $1.54 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.40 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

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.