National Wealth Management Group LLC Purchases New Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

National Wealth Management Group LLC bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,554 shares of the financial services provider’s stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its position in Arthur J. Gallagher & Co. by 15.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after acquiring an additional 14,860 shares during the period. MQS Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth approximately $749,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Arthur J. Gallagher & Co. by 29.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 161,028 shares of the financial services provider’s stock valued at $41,756,000 after purchasing an additional 37,070 shares in the last quarter. Swedbank AB acquired a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $3,297,000. Finally, Marsico Capital Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 316.9% during the 2nd quarter. Marsico Capital Management LLC now owns 11,447 shares of the financial services provider’s stock valued at $2,968,000 after buying an additional 8,701 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AJG. Royal Bank of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Barclays raised their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Piper Sandler boosted their price target on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. UBS Group raised their price objective on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets boosted their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $291.64.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total value of $1,992,760.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,625,146.84. This represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Robert Pesch sold 7,100 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 sale, the president now owns 33,267 shares in the company, valued at $9,853,685.40. This represents a 17.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,900 shares of company stock worth $6,892,280 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Stock Up 0.7 %

Arthur J. Gallagher & Co. stock opened at $315.00 on Thursday. The firm has a market cap of $69.11 billion, a price-to-earnings ratio of 60.00, a P/E/G ratio of 2.61 and a beta of 0.72. The firm has a fifty day moving average price of $289.51 and a two-hundred day moving average price of $278.29. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $315.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.71%.

About Arthur J. Gallagher & Co.

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.