Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Raised by Creative Planning

Creative Planning boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,116 shares of the financial services provider’s stock after purchasing an additional 2,782 shares during the quarter. Creative Planning’s holdings in Arthur J. Gallagher & Co. were worth $14,811,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norden Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $3,841,000. Brookstone Capital Management raised its position in shares of Arthur J. Gallagher & Co. by 70.4% during the 1st quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after purchasing an additional 5,308 shares during the period. Sei Investments Co. lifted its holdings in shares of Arthur J. Gallagher & Co. by 11.7% in the 1st quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock worth $48,649,000 after purchasing an additional 20,302 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $979,000. Finally, Swedbank AB acquired a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $3,297,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of a number of recent research reports. TD Cowen raised their target price on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. UBS Group boosted their target price 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. Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, September 20th. The Goldman Sachs Group boosted their price objective on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Finally, BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $282.93.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares in the company, valued at approximately $9,853,685.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the transaction, the president now owns 33,267 shares of the company’s stock, valued at approximately $9,853,685.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 6,335 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the sale, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The disclosure for this sale can be found here. Insiders have sold a total of 44,145 shares of company stock valued at $12,622,660 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.7 %

Shares of NYSE:AJG opened at $281.37 on Tuesday. The stock has a market capitalization of $61.48 billion, a price-to-earnings ratio of 56.96, a PEG 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. The company has a 50 day moving average price of $286.65 and a 200 day moving average price of $264.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm posted $1.90 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.14 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Arthur J. Gallagher & Co. Profile

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.