Great West Life Assurance Co. Can Purchases 1,598 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Great West Life Assurance Co. Can grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 209,449 shares of the financial services provider’s stock after acquiring an additional 1,598 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Arthur J. Gallagher & Co. were worth $46,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPlan Investment Management LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth approximately $28,000. ZRC Wealth Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter worth approximately $29,000. Larson Financial Group LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 89.9% in the 2nd quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 62 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $38,000. Finally, Clear Street Markets LLC lifted its stake in Arthur J. Gallagher & Co. by 21,100.0% in the fourth quarter. Clear Street Markets LLC now owns 212 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 211 shares during the last quarter. 81.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 3,300 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $226.14, for a total value of $746,262.00. Following the sale, the vice president now directly owns 10,816 shares of the company’s stock, valued at $2,445,930.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Christopher E. Mead sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $226.14, for a total transaction of $746,262.00. Following the completion of the sale, the vice president now owns 10,816 shares of the company’s stock, valued at $2,445,930.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William F. Ziebell sold 20,067 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $241.22, for a total value of $4,840,561.74. Following the completion of the transaction, the vice president now directly owns 35,228 shares in the company, valued at $8,497,698.16. The disclosure for this sale can be found here. Insiders have sold a total of 96,926 shares of company stock valued at $22,505,073 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Up 0.5 %

Shares of NYSE:AJG opened at $246.56 on Tuesday. The firm has a market capitalization of $53.23 billion, a P/E ratio of 47.23, a P/E/G ratio of 2.07 and a beta of 0.69. The stock has a 50 day moving average price of $235.12 and a 200-day moving average price of $223.25. Arthur J. Gallagher & Co. has a 52-week low of $174.45 and a 52-week high of $249.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.04 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.06. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Arthur J. Gallagher & Co. had a net margin of 11.76% and a return on equity of 18.46%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.72 EPS. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 8.79 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.20 annualized dividend and a dividend yield of 0.89%. Arthur J. Gallagher & Co.’s payout ratio is 42.15%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AJG. Argus lifted their price objective on Arthur J. Gallagher & Co. from $232.00 to $264.00 and gave the stock a “buy” rating in a report on Wednesday, August 30th. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Piper Sandler raised their target price on shares of Arthur J. Gallagher & Co. from $238.00 to $251.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Jefferies Financial Group upped their price objective on shares of Arthur J. Gallagher & Co. from $262.00 to $266.00 in a research note on Friday, October 6th. Finally, Citigroup raised their target price on Arthur J. Gallagher & Co. from $250.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.71.

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 businesses and organizations 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.