Amundi Has $286.80 Million Position in Arthur J. Gallagher & Co. $AJG

Amundi increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 63.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 908,339 shares of the financial services provider’s stock after buying an additional 352,001 shares during the period. Amundi owned 0.35% of Arthur J. Gallagher & Co. worth $286,799,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $33,000. Saudi Central Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $34,000. J.Safra Asset Management Corp lifted its holdings in Arthur J. Gallagher & Co. by 209.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 69 shares during the last quarter. SouthState Corp acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $39,000. Finally, Steph & Co. bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at approximately $40,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AJG. The Goldman Sachs Group dropped their price target on Arthur J. Gallagher & Co. from $361.00 to $315.00 and set a “buy” rating for the company in a report on Friday, October 31st. Wolfe Research assumed coverage on Arthur J. Gallagher & Co. in a research note on Thursday, November 20th. They issued an “outperform” rating and a $291.00 target price for the company. Keefe, Bruyette & Woods cut their price target on Arthur J. Gallagher & Co. from $315.00 to $275.00 and set a “market perform” rating for the company in a report on Friday, October 31st. Cantor Fitzgerald raised shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $314.87.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $261.00, for a total value of $1,566,000.00. Following the completion of the sale, the chief accounting officer owned 50,668 shares of the company’s stock, valued at approximately $13,224,348. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the transaction, the vice president directly owned 85,920 shares in the company, valued at approximately $25,569,792. This represents a 13.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,105 shares of company stock worth $10,796,353 over the last quarter. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $239.71 on Friday. The company has a fifty day moving average price of $269.96 and a two-hundred day moving average price of $296.08. The firm has a market capitalization of $61.56 billion, a PE ratio of 35.83 and a beta of 0.69. Arthur J. Gallagher & Co. has a 52 week low of $238.65 and a 52 week high of $351.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period last year, the company earned $2.26 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 38.86%.

Arthur J. Gallagher & Co. Company 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.