Bokf Na Buys 66 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Bokf Na boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,769 shares of the financial services provider’s stock after acquiring an additional 66 shares during the period. Bokf Na’s holdings in Arthur J. Gallagher & Co. were worth $684,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. UBS Group AG raised its holdings in Arthur J. Gallagher & Co. by 8.5% in the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock worth $81,281,000 after buying an additional 28,359 shares during the last quarter. Norden Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $3,841,000. Brookstone Capital Management grew its stake in shares of Arthur J. Gallagher & Co. by 70.4% in the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after acquiring an additional 5,308 shares during the period. Mackenzie Financial Corp grew its position in Arthur J. Gallagher & Co. by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after buying an additional 15,528 shares during the period. Finally, Sei Investments Co. increased its holdings in 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 acquiring an additional 20,302 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total value of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas K. Howell sold 16,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $248.41, for a total value of $3,974,560.00. Following the transaction, the chief financial officer now directly owns 80,952 shares in the company, valued at approximately $20,109,286.32. The disclosure for this sale can be found here. Insiders have sold a total of 53,165 shares of company stock valued at $13,629,049 over the last quarter. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AJG shares. Piper Sandler raised their price target on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a report on Friday. Bank Of America (Bofa) upped their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a report on Friday. The Goldman Sachs Group upped their price objective on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a report on Friday. Finally, Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $273.27.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded down $3.03 during mid-day trading on Monday, hitting $280.55. The company had a trading volume of 96,846 shares, compared to its average volume of 845,508. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 12-month low of $214.13 and a 12-month high of $283.90. The company’s fifty day moving average is $261.33 and its 200-day moving average is $248.74. The company has a market capitalization of $61.30 billion, a price-to-earnings ratio of 56.79, a P/E/G ratio of 2.52 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm posted $1.90 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.13 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company 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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Arthur J. Gallagher & Co. Company 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.