Banco Bilbao Vizcaya Argentaria S.A. Has $20.40 Million Position in Arthur J. Gallagher & Co. $AJG

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,889 shares of the financial services provider’s stock after acquiring an additional 6,090 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Arthur J. Gallagher & Co. were worth $20,398,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 870.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of 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 valued at $34,000 after purchasing an additional 91 shares during the last quarter. Financial Life Planners bought a new stake in Arthur J. Gallagher & Co. in the third quarter worth $39,000. Central Pacific Bank Trust Division boosted its holdings in Arthur J. Gallagher & Co. by 40.6% in the third quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 39 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in Arthur J. Gallagher & Co. by 100.0% during the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after buying an additional 68 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AJG has been the subject of a number of analyst reports. Mizuho raised Arthur J. Gallagher & Co. from a “neutral” rating to an “outperform” rating and set a $260.00 price target for the company in a research report on Friday, February 27th. Truist Financial set a $271.00 price objective on Arthur J. Gallagher & Co. in a report on Friday, January 30th. Citigroup raised their price objective on Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Morgan Stanley set a $300.00 target price on Arthur J. Gallagher & Co. in a research report on Friday, December 19th. Finally, Barclays upgraded Arthur J. Gallagher & Co. from an “underweight” rating to an “overweight” rating and increased their price target for the company from $247.00 to $262.00 in a report on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $282.65.

Arthur J. Gallagher & Co. Trading Up 1.8%

Shares of NYSE:AJG opened at $207.86 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day moving average is $234.93 and its 200-day moving average is $259.95. The company has a market cap of $53.44 billion, a P/E ratio of 33.80, a P/E/G ratio of 1.01 and a beta of 0.67. Arthur J. Gallagher & Co. has a 52-week low of $195.00 and a 52-week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 33.9% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.53%.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 3,800 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Walter D. Bay sold 15,850 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $255.00, for a total transaction of $4,041,750.00. Following the completion of the sale, the general counsel owned 79,549 shares in the company, valued at approximately $20,284,995. The trade was a 16.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,650 shares of company stock valued at $8,137,686 in the last three months. 1.30% of the stock is owned by corporate insiders.

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.