ASR Vermogensbeheer N.V. Has $37.95 Million Stock Position in Arthur J. Gallagher & Co. $AJG

ASR Vermogensbeheer N.V. grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 33.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,559 shares of the financial services provider’s stock after purchasing an additional 29,752 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Arthur J. Gallagher & Co. were worth $37,951,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Two Sigma Investments LP bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $382,000. NBC Securities Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $228,000. Merit Financial Group LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 6.8% during the 1st quarter. Merit Financial Group LLC now owns 8,484 shares of the financial services provider’s stock worth $2,929,000 after acquiring an additional 537 shares during the period. HBW Advisory Services LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 7.7% during the 1st quarter. HBW Advisory Services LLC now owns 1,219 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 87 shares during the period. Finally, Fulton Bank N.A. boosted its stake in shares of Arthur J. Gallagher & Co. by 4.6% during the 1st quarter. Fulton Bank N.A. now owns 1,052 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $305.83 on Thursday. The stock has a market capitalization of $78.42 billion, a PE ratio of 43.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day moving average price of $297.71 and a two-hundred day moving average price of $317.02. Arthur J. Gallagher & Co. has a fifty-two week low of $275.56 and a fifty-two week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. Arthur J. Gallagher & Co.’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 annualized dividend and a yield of 0.9%. Arthur J. Gallagher & Co.’s payout ratio is currently 36.93%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at $25,569,792. The trade was a 13.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 8,000 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the transaction, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This trade represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,855 shares of company stock valued at $8,916,928 over the last ninety days. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AJG. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a research note on Friday, September 19th. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group initiated coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $344.00 price target for the company. Finally, Barclays reduced their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $330.93.

Check Out Our Latest Research Report on Arthur J. Gallagher & Co.

About Arthur J. Gallagher & Co.

(Free Report)

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.

Further Reading

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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