Oregon Public Employees Retirement Fund Acquires 200 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Oregon Public Employees Retirement Fund raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,747 shares of the financial services provider’s stock after purchasing an additional 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Arthur J. Gallagher & Co. were worth $4,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AJG. Creekmur Asset Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 89.7% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 52 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $31,000. Finally, Security National Bank bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the topic of several recent analyst reports. 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 report on Friday, July 26th. UBS Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Bank of America upped their target price on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Piper Sandler lifted their price target on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, TD Cowen upped their price objective on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $275.38.

Arthur J. Gallagher & Co. Stock Up 1.1 %

NYSE:AJG opened at $297.74 on Thursday. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $298.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $65.06 billion, a PE ratio of 60.27, a P/E/G ratio of 2.46 and a beta of 0.72. The firm’s 50 day simple moving average is $278.43 and its 200 day simple moving average is $258.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping 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 company 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. Arthur J. Gallagher & Co.’s revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Activity

In related news, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,654,772.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Walter D. Bay sold 6,335 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,654,772.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,348 shares of company stock valued at $13,342,910. Company insiders own 1.60% of the company’s stock.

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.