ExodusPoint Capital Management LP Invests $5.10 Million in Arthur J. Gallagher & Co. (NYSE:AJG)

ExodusPoint Capital Management LP bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,968 shares of the financial services provider’s stock, valued at approximately $5,100,000.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $25,000. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. in the fourth quarter worth about $28,000. New Age Alpha Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after buying an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $35,000. Finally, Financial Life Planners purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $36,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. This trade represents a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $318.97 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $81.57 billion, a price-to-earnings ratio of 48.92 and a beta of 0.75. The business has a 50-day simple moving average of $326.40 and a two-hundred day simple moving average of $302.45. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.65 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on AJG. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research report on Friday, March 21st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $313.20.

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.