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

UniSuper Management Pty Ltd raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 35.3% in the 4th quarter, HoldingsChannel reports. The fund owned 16,898 shares of the financial services provider’s stock after buying an additional 4,410 shares during the quarter. 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.

A number of other institutional investors also recently modified their holdings of the stock. Catalina Capital Group LLC raised its position in Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 35 shares during the last quarter. Greenleaf Trust raised its position in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock worth $940,000 after acquiring an additional 36 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 36 shares during the period. Brendel Financial Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock valued at $2,054,000 after acquiring an additional 38 shares during the last quarter. Finally, Encompass More Asset Management increased its position in Arthur J. Gallagher & Co. by 4.4% in the third quarter. Encompass More Asset Management now owns 969 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 41 shares during the period. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AJG has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Keefe, Bruyette & Woods upped their target price on shares of 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. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research report on Tuesday. They issued a “neutral” rating and a $352.00 price target on the stock. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $313.20.

Insiders Place Their Bets

In other news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated 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 completion of the sale, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock valued at $7,478,224 in the last quarter. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of AJG stock opened at $340.59 on Friday. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $321.73 and a 200-day moving average of $300.95. The company has a market capitalization of $87.10 billion, a price-to-earnings ratio of 52.24 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.65 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.76%. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

About Arthur J. Gallagher & Co.

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.