UniSuper Management Pty Ltd Has $4.80 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

UniSuper Management Pty Ltd increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,898 shares of the financial services provider’s stock after buying an additional 4,410 shares during the period. UniSuper Management Pty Ltd’s holdings in Arthur J. Gallagher & Co. were worth $4,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its holdings in shares of Arthur J. Gallagher & Co. by 28.6% during the 4th quarter. WINTON GROUP Ltd now owns 15,629 shares of the financial services provider’s stock valued at $4,436,000 after purchasing an additional 3,479 shares in the last quarter. Foundation Wealth Management LLC PA bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at about $721,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in shares of Arthur J. Gallagher & Co. by 24.5% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 181,540 shares of the financial services provider’s stock worth $51,530,000 after buying an additional 35,782 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $294,000. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 100.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 200 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the subject of several analyst reports. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a report on Tuesday. They issued a “neutral” rating and a $352.00 target price for the company. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $313.20.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 2,900 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the sale, the director now owns 16,533 shares of the company’s stock, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock valued at $7,478,224 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Down 0.1 %

Shares of Arthur J. Gallagher & Co. stock opened at $340.59 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $345.43. The firm has a market capitalization of $87.10 billion, a PE ratio of 52.24 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The company’s fifty day moving average price is $321.73 and its two-hundred day moving average price is $300.95.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results 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 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Arthur J. Gallagher & Co. 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.