Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,723 shares of the financial services provider’s stock after buying an additional 3,541 shares during the quarter. Pacer Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $8,363,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC bought a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $26,000. Rakuten Securities Inc. boosted its position in Arthur J. Gallagher & Co. by 580.0% during the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 87 shares during the period. Creekmur Asset Management LLC bought a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth $27,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 52 shares during the period. Institutional investors own 85.53% of the company’s stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,625,146.84. This represents a 8.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Robert Pesch sold 7,100 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares of the company’s stock, valued at $9,853,685.40. This trade represents a 17.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,900 shares of company stock worth $6,892,280 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AJG. Piper Sandler increased their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. TD Cowen raised their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. BMO Capital Markets increased their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays upped their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $289.71.

Arthur J. Gallagher & Co. Stock Up 0.6 %

Shares of NYSE:AJG opened at $304.29 on Friday. The firm has a 50 day simple moving average of $288.55 and a 200 day simple moving average of $276.96. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $308.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $66.76 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the company earned $2.00 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.71%.

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 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.