SBI Okasan Asset Management Co.Ltd. Invests $1.37 Million in Arthur J. Gallagher & Co. $AJG

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, Holdings Channel reports. The firm bought 5,210 shares of the financial services provider’s stock, valued at approximately $1,371,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,390,446 shares of the financial services provider’s stock worth $8,123,534,000 after purchasing an additional 217,136 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Arthur J. Gallagher & Co. by 19.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock worth $6,299,674,000 after purchasing an additional 3,330,205 shares during the period. Capital World Investors raised its stake in shares of Arthur J. Gallagher & Co. by 0.9% during the 3rd quarter. Capital World Investors now owns 11,783,119 shares of the financial services provider’s stock worth $3,649,477,000 after purchasing an additional 101,298 shares during the period. State Street Corp raised its stake in Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. State Street Corp now owns 10,891,080 shares of the financial services provider’s stock valued at $3,373,403,000 after acquiring an additional 147,587 shares during the period. Finally, Capital International Investors raised its stake in Arthur J. Gallagher & Co. by 0.6% in the 3rd quarter. Capital International Investors now owns 7,194,743 shares of the financial services provider’s stock valued at $2,228,156,000 after acquiring an additional 45,256 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AJG shares. Truist Financial lowered their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $278.00 in a research note on Tuesday, March 24th. Cantor Fitzgerald restated a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 30th. Royal Bank Of Canada initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price objective on the stock. Finally, Mizuho decreased their price target on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.00.

Arthur J. Gallagher & Co. Trading Down 0.1%

Shares of AJG opened at $202.61 on Friday. The business’s 50-day moving average price is $211.27 and its 200-day moving average price is $231.15. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $351.23. The stock has a market cap of $52.05 billion, a PE ratio of 32.79, a P/E/G ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the firm earned $3.67 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 29.0% on a year-over-year basis. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 13.26 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. Arthur J. Gallagher & Co.’s payout ratio is presently 45.31%.

Insider Activity

In other news, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at $19,552,814.40. The trade was a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.