5 Best Stocks to Buy According to Angela Aldrich’s Bayberry Capital Partners

4. Arthur J. Gallagher & Co. (NYSE:AJG)

Bayberry Capital Partners Stake Value: $26.6 million

Percentage of Bayberry Capital Partners 13F Portfolio: 8.31%

Number of Hedge Fund Holders: 31

Arthur J. Gallagher & Co. (NYSE:AJG) is a world leader in consulting, risk management, and insurance services. The company is one of the best stocks to buy according to Angela Aldrich’s Bayberry Capital Partners.

Given its scale, the company has shown strong profits. In the second fiscal quarter, Arthur J. Gallagher & Co. (NYSE:AJG) reported an EPS of $1.33, beating estimates by $0.13. Its revenue for the quarter came in at $2.04 billion, which showed an 5.7% growth from the same period last year.

For the past 10 years Arthur J. Gallagher & Co. (NYSE:AJG) has continuously increased its dividends. As of September 2022, the company has a quarterly dividend of $0.51 per share with a dividend yield of 1.19%.

Adage Capital Management owned roughly $128 million worth of stakes in Arthur J. Gallagher & Co. (NYSE:AJG), becoming the company’s leading stakeholder in Q2 2022. Overall, 31 hedge funds tracked by Insider Monkey owned stakes in the company in Q2, growing from 24 in the previous quarter. These stakes hold a combined value of over $744.6 million.

Here is what Cooper Investors has to say about Arthur J. Gallagher & Co. (NYSE:AJG) in its Q1 2022 investor letter:

“In terms of underlying businesses, the portfolio holdings are going well and largely reported solid numbers during earnings season with positive language around the outlook for 2022. Our insurance broker Arthur J Gallagher is a stand-out performer, delivering low-double-digit organic revenue growth at the same time as margin expansion – this is a business that benefit from higher interest rates, emerging risks and inflating premiums. While rising rates, supply chain constraints and war in Europe represent a myriad of challenges for many industries, our view is that our management teams are highly experienced focused operators. They are well equipped to deal with these challenges, having shown great resilience and flexibility during many crises, the most recent example (COVID) proving yet again the power of their business models.”