International Assets Investment Management LLC Buys Shares of 156,241 Arthur J. Gallagher & Co. (NYSE:AJG)

International Assets Investment Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 156,241 shares of the financial services provider’s stock, valued at approximately $35,135,000. International Assets Investment Management LLC owned approximately 0.07% of Arthur J. Gallagher & Co. as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $33,000. Finally, Milestone Investment Advisors LLC bought a new stake in Arthur J. Gallagher & Co. during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other news, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock valued at $7,176,180 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.0 %

NYSE AJG opened at $238.62 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10. The firm’s fifty day simple moving average is $243.83 and its 200-day simple moving average is $239.00. The company has a market capitalization of $52.09 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.08. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 EPS. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial reiterated a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. TD Cowen boosted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods cut their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. Finally, Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. One investment 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. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $255.31.

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.