Arthur J. Gallagher & Co. (NYSE:AJG) Position Increased by APG Asset Management N.V.

APG Asset Management N.V. increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 300,692 shares of the financial services provider’s stock after buying an additional 19,657 shares during the period. APG Asset Management N.V. owned about 0.14% of Arthur J. Gallagher & Co. worth $72,752,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new position in Arthur J. Gallagher & Co. in the second quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth $27,000. Creekmur Asset Management LLC acquired a new stake in Arthur J. Gallagher & Co. in the first quarter worth $27,000. DiNuzzo Private Wealth Inc. lifted its stake in Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after buying an additional 52 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at $30,000. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AJG. The Goldman Sachs Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Bank Of America (Bofa) boosted their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Finally, TD Cowen upped their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $282.93.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,625,146.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,625,146.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas K. Howell sold 8,710 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,654,772.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,145 shares of company stock valued at $12,622,660. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 1.0 %

Shares of AJG opened at $277.93 on Friday. The business’s 50-day moving average price is $286.13 and its 200 day moving average price is $263.48. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $60.73 billion, a P/E ratio of 56.26, a P/E/G ratio of 2.37 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1-year low of $218.63 and a 1-year high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is 48.58%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.