Focus Partners Wealth Has $166.69 Million Position in Arthur J. Gallagher & Co. $AJG

Focus Partners Wealth increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1,368.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 644,128 shares of the financial services provider’s stock after purchasing an additional 600,252 shares during the quarter. Focus Partners Wealth’s holdings in Arthur J. Gallagher & Co. were worth $166,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth approximately $39,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Arthur J. Gallagher & Co. by 668.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. CVA Family Office LLC lifted its holdings in Arthur J. Gallagher & Co. by 84.8% in the 4th quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 84 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $51,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AJG shares. Piper Sandler reduced their target price on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Morgan Stanley dropped their price target on Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Keefe, Bruyette & Woods dropped their price target on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a research report on Friday, May 1st. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Barclays lifted their price target on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.71.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $218.53 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $210.97 and its two-hundred day moving average is $228.06. The company has a market cap of $56.14 billion, a P/E ratio of 35.36, a P/E/G ratio of 1.11 and a beta of 0.52. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $327.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results 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. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.67 EPS. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

Insider Activity

In other news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Company 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.