Nykredit A S Invests $20.51 Million in Arthur J. Gallagher & Co. $AJG

Nykredit A S bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 89,335 shares of the financial services provider’s stock, valued at approximately $20,509,000.

Several other institutional investors and hedge funds also recently modified their holdings of AJG. Kemnay Advisory Services Inc. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth about $26,000. Rakuten Securities Inc. raised its position in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter worth approximately $28,000. MV Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $34,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $29,000. Institutional investors own 85.53% of the company’s stock.

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

In related news, General Counsel Walter D. Bay sold 12,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $270.08, for a total value of $3,240,960.00. Following the completion of the sale, the general counsel directly owned 71,292 shares of the company’s stock, valued at approximately $19,254,543.36. This represents a 14.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 3,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the transaction, the vice president directly owned 22,223 shares in the company, valued at approximately $5,711,755.46. This trade represents a 13.61% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Piper Sandler boosted their price objective on Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Barclays lifted their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.28.

Arthur J. Gallagher & Co. Trading Up 0.8%

NYSE:AJG opened at $266.50 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $313.55. The stock has a fifty day simple moving average of $253.45 and a 200 day simple moving average of $227.42. The firm has a market capitalization of $68.30 billion, a price-to-earnings ratio of 44.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $2.33 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. Sell-side analysts forecast that Arthur J. Gallagher & Co. will post 13.28 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 46.43%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.