Cooper Investors, an investment management firm, published its “Global Equities Fund (Hedged)” first quarter 2022 investor letter – a copy of which can be downloaded here. After a strong 2021, the Fund has endured a tough start to the year, returning -12.45%. In simple terms, the very narrow parts of the market doing well year to date (oil and gas, miners, some banks) are areas in which the fund is underweight, whereas many of the businesses we do own got dragged into a period of indiscriminate selling early in the quarter. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Cooper Investors Global Equities Fund mentioned Arthur J. Gallagher & Co. (NYSE:AJG) and explained its insights into the company. Founded in 1927, Arthur J. Gallagher & Co. (NYSE:AJG) is a Rolling Meadows, Illinois-based global insurance brokerage and risk management services firm with a $37.7 billion market capitalization. Arthur J. Gallagher & Co. (NYSE:AJG) delivered a 6.19% return since the beginning of the year, while its 12-month returns are up by 31.71%. The stock closed at $180.18 per share on April 18, 2022.
Here is what Cooper Investors Global Equities Fund 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.”
Our calculations show that Arthur J. Gallagher & Co. (NYSE:AJG) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Arthur J. Gallagher & Co. (NYSE:AJG) was in 34 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 32 funds in the previous quarter. Arthur J. Gallagher & Co. (NYSE:AJG) delivered a 14.25% return in the past 3 months.
In March 2022, we published an article that includes Arthur J. Gallagher & Co. (NYSE:AJG) in Robert Pohly’s Samlyn Capital Portfolio: 10 Dividend Stock Picks. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.