Caprock Group LLC Invests $9.43 Million in Arthur J. Gallagher & Co. (NYSE:AJG)

Caprock Group LLC acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 33,208 shares of the financial services provider’s stock, valued at approximately $9,426,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AJG. Strategic Investment Solutions Inc. IL bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth $26,000. Pin Oak Investment Advisors Inc. boosted its stake in Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares during the period. Quarry LP purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $29,000. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, BMO Capital Markets upped their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock opened at $305.06 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $76.20 billion, a P/E ratio of 58.11 and a beta of 0.76. The business’s 50 day moving average price is $291.70 and its 200-day moving average price is $288.46. Arthur J. Gallagher & Co. has a fifty-two week low of $227.43 and a fifty-two week high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.85%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.