USS Investment Management Ltd Purchases 2,233 Shares of Arthur J. Gallagher & Co. $AJG

USS Investment Management Ltd raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,626 shares of the financial services provider’s stock after acquiring an additional 2,233 shares during the period. USS Investment Management Ltd’s holdings in Arthur J. Gallagher & Co. were worth $9,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock valued at $949,000 after buying an additional 41 shares in the last quarter. Journey Strategic Wealth LLC increased its stake in Arthur J. Gallagher & Co. by 2.9% during the third quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 43 shares during the last quarter. KCM Investment Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 4.1% in the 3rd quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 44 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Arthur J. Gallagher & Co. by 0.4% in the 4th quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock worth $2,604,000 after purchasing an additional 45 shares during the period. Finally, CYBER HORNET ETFs LLC increased its position in shares of Arthur J. Gallagher & Co. by 7.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $239.16 on Thursday. 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 stock’s fifty day moving average is $211.04 and its two-hundred day moving average is $225.67. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $320.00. The company has a market capitalization of $61.44 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the prior year, the business posted $3.67 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts expect that Arthur J. Gallagher & Co. will post 13.23 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.2%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.31%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AJG shares. Mizuho lowered their price target on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $275.00 to $278.00 in a research note on Tuesday, March 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Arthur J. Gallagher & Co. in a report on Monday, June 15th. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $280.00 to $250.00 in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $242.00 and gave the company a “market perform” rating in a report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and six 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 $264.12.

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

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

About Arthur J. Gallagher & Co.

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.