Mirae Asset Global Investments Co. Ltd. Makes New Investment in Arthur J. Gallagher & Co. $AJG

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 79,616 shares of the financial services provider’s stock, valued at approximately $18,161,000.

A number of other institutional investors have also recently made changes to their positions in the business. Triumph Capital Management raised its stake in Arthur J. Gallagher & Co. by 4,000.0% in the third quarter. Triumph Capital Management now owns 123 shares of the financial services provider’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. NFSG Corp grew its stake in shares of Arthur J. Gallagher & Co. by 4,033.3% during the third quarter. NFSG Corp now owns 124 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth about $28,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $29,000. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 57.4% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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

In other news, VP Christopher E. Mead sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the sale, the vice president directly owned 22,223 shares of the company’s stock, valued at $5,711,755.46. This represents a 13.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the completion of the sale, the vice president directly owned 90,262 shares in the company, valued at $23,840,902.06. This trade represents a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,500 shares of company stock worth $7,562,950 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 2.1%

Shares of AJG stock opened at $272.96 on Wednesday. The stock’s 50-day simple moving average is $248.75 and its 200-day simple moving average is $232.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $69.96 billion, a PE ratio of 41.74, a P/E/G ratio of 1.60 and a beta of 0.47. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $281.53.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.90% and a net margin of 10.39%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities analysts expect that Arthur J. Gallagher & Co. will post 13.14 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, December 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, December 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is 42.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Arthur J. Gallagher & Co. from $295.00 to $319.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group boosted their target price on shares of Arthur J. Gallagher & Co. from $299.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, September 24th. Finally, Morgan Stanley lowered their price objective on shares of Arthur J. Gallagher & Co. from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $292.05.

Arthur J. Gallagher & Co. News Roundup

Here are the key news stories impacting Arthur J. Gallagher & Co. this week:

• Positive Sentiment: Jefferies raised its target to $319 and maintained a Buy rating. UBS also raised its target to $320 and kept a Buy rating; Wells Fargo raised its target to $312 and maintained an Overweight rating. These higher targets suggest the firms see further upside. Jefferies rating Wells Fargo rating
• Positive Sentiment: A report on AJG’s third-quarter earnings call highlighted strong growth, reinforcing the company’s growth narrative. Earnings call highlights
• Neutral Sentiment: Gallagher named Tom Doyle CEO of its Benefits & HR unit in a leadership transition. The announcement provides continuity, but no financial impact was specified. Leadership announcement
• Negative Sentiment: Citi cut AJG to Neutral, citing a more balanced risk-reward outlook, and BMO downgraded it to Market Perform. While both firms’ targets remain above the cited share price, the rating cuts may dampen investor enthusiasm. Citi downgrade BMO downgrade

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.