Vinva Investment Management Ltd Has $245,000 Holdings in Arthur J. Gallagher & Co. $AJG

Vinva Investment Management Ltd lessened its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 90.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 772 shares of the financial services provider’s stock after selling 7,203 shares during the period. Vinva Investment Management Ltd’s holdings in Arthur J. Gallagher & Co. were worth $245,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AJG. AlphaQuest LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth approximately $33,000. Saudi Central Bank acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $34,000. J.Safra Asset Management Corp increased its position in shares of Arthur J. Gallagher & Co. by 209.1% during the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 69 shares in the last quarter. SouthState Corp bought a new stake in Arthur J. Gallagher & Co. during the first quarter worth $39,000. Finally, Steph & Co. bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at about $40,000. Institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the sale, the chief financial officer directly owned 100,777 shares in the company, valued at $30,186,742.58. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the transaction, the vice president owned 85,920 shares in the company, valued at approximately $25,569,792. This represents a 13.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,105 shares of company stock valued at $10,796,353 over the last three months. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $247.69 on Friday. The firm has a market capitalization of $63.61 billion, a PE ratio of 35.18 and a beta of 0.71. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 12 month low of $239.47 and a 12 month high of $351.23. The business’s 50-day moving average price is $275.86 and its 200-day moving average price is $299.07.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.26 earnings per share. Sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS 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, December 19th. Investors of record on Friday, December 5th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 38.86%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AJG. Wall Street Zen downgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. The Goldman Sachs Group dropped their target price on Arthur J. Gallagher & Co. from $361.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Citigroup reduced their price target on Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Wolfe Research started coverage on Arthur J. Gallagher & Co. in a research report on Thursday, November 20th. They set an “outperform” rating and a $291.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and an average target price of $316.33.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.