BXM Wealth LLC Has $7.49 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

BXM Wealth LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3,301.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,950 shares of the financial services provider’s stock after buying an additional 28,099 shares during the quarter. BXM Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Arthur J. Gallagher & Co. by 19.6% in the third quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock worth $6,299,674,000 after purchasing an additional 3,330,205 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Arthur J. Gallagher & Co. by 41,475.5% during the second quarter. Balyasny Asset Management L.P. now owns 770,394 shares of the financial services provider’s stock valued at $246,619,000 after purchasing an additional 768,541 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Arthur J. Gallagher & Co. by 30.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,107,390 shares of the financial services provider’s stock valued at $962,483,000 after buying an additional 725,555 shares during the period. Principal Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 26.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,866,786 shares of the financial services provider’s stock worth $887,976,000 after buying an additional 593,483 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Arthur J. Gallagher & Co. by 13.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,270,807 shares of the financial services provider’s stock valued at $1,013,100,000 after buying an additional 395,304 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares in the company, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. The trade was a 4.24% decrease in their position. The SEC filing for this sale provides additional information. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

AJG has been the subject of a number of research reports. Morgan Stanley set a $300.00 price objective on Arthur J. Gallagher & Co. in a research report on Friday, December 19th. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Truist Financial reduced their price target on Arthur J. Gallagher & Co. from $271.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, March 18th. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $298.00 to $273.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, Mizuho upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “outperform” rating and set a $260.00 price objective on the stock in a report on Friday, February 27th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $273.82.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $217.54 on Monday. The company has a market cap of $55.93 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 1.08 and a beta of 0.68. The business has a 50 day moving average price of $221.52 and a 200 day moving average price of $251.02. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a twelve month low of $195.00 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business’s revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. 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 declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 1.3%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s payout ratio is 45.53%.

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.