Lansforsakringar Fondforvaltning AB publ Increases Stock Position in Arthur J. Gallagher & Co. $AJG

Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,364 shares of the financial services provider’s stock after purchasing an additional 2,697 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Arthur J. Gallagher & Co. were worth $25,202,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AJG. Physician Wealth Advisors Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 87 shares during the period. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in Arthur J. Gallagher & Co. by 40.6% during the third quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after buying an additional 39 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 68 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at $49,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.8%

Shares of NYSE:AJG opened at $216.54 on Monday. The company has a market cap of $55.67 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.17 and a beta of 0.66. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $246.39 and a 200 day moving average price of $268.08. Arthur J. Gallagher & Co. has a 12 month low of $195.00 and a 12 month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company’s quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $0.70 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 42.28%.

Analyst Ratings Changes

AJG has been the topic of several analyst reports. Barclays lowered their target price on Arthur J. Gallagher & Co. from $250.00 to $247.00 and set an “underweight” rating on the stock in a research report on Thursday, January 8th. Truist Financial set a $271.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 30th. Mizuho set a $277.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Needham & Company LLC set a $272.00 price target on Arthur J. Gallagher & Co. in a research note on Thursday, December 18th. Six equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $284.12.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 5,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $258.05, for a total transaction of $1,290,250.00. Following the transaction, the chief financial officer directly owned 95,777 shares in the company, valued at approximately $24,715,254.85. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Walter D. Bay sold 15,850 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $255.00, for a total value of $4,041,750.00. Following the sale, the general counsel directly owned 79,549 shares in the company, valued at $20,284,995. This trade represents a 16.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,850 shares of company stock valued at $6,364,440. 1.30% of the stock is currently owned by corporate 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.