ASR Vermogensbeheer N.V. Acquires 4,994 Shares of Arthur J. Gallagher & Co. $AJG

ASR Vermogensbeheer N.V. lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,553 shares of the financial services provider’s stock after buying an additional 4,994 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Arthur J. Gallagher & Co. were worth $38,272,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Csenge Advisory Group grew its holdings in Arthur J. Gallagher & Co. by 3.5% during the 3rd quarter. Csenge Advisory Group now owns 2,603 shares of the financial services provider’s stock valued at $806,000 after buying an additional 88 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Arthur J. Gallagher & Co. by 1.8% during the 3rd quarter. Ritholtz Wealth Management now owns 10,016 shares of the financial services provider’s stock valued at $3,102,000 after acquiring an additional 181 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 2.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,871 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 46 shares in the last quarter. Cerro Pacific Wealth Advisors LLC increased its position in Arthur J. Gallagher & Co. by 9.8% in the third quarter. Cerro Pacific Wealth Advisors LLC now owns 1,086 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 97 shares during the last quarter. Finally, BXM Wealth LLC purchased a new stake in Arthur J. Gallagher & Co. during the third quarter valued at $264,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $258.32 on Friday. The firm has a market capitalization of $66.34 billion, a PE ratio of 38.61 and a beta of 0.67. Arthur J. Gallagher & Co. has a 1 year low of $236.34 and a 1 year high of $351.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average is $253.96 and its two-hundred day moving average is $281.14.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a return on equity of 11.98% and a net margin of 13.58%.The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the firm posted $2.26 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. Research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 38.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AJG. Wolfe Research set a $289.00 target price on shares of Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a report on Wednesday, December 17th. The Goldman Sachs Group reissued a “buy” rating and set a $292.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 7th. Citigroup lowered their price objective on Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Needham & Company LLC set a $272.00 target price on Arthur J. Gallagher & Co. in a research report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $272.00 to $279.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $290.50.

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

In other Arthur J. Gallagher & Co. news, VP Michael Robert Pesch acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $247.12 per share, with a total value of $988,480.00. Following the transaction, the vice president owned 41,849 shares of the company’s stock, valued at $10,341,724.88. This trade represents a 10.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 15,850 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $255.00, for a total value of $4,041,750.00. Following the completion of the sale, the general counsel directly owned 79,549 shares in the company, valued at approximately $20,284,995. The trade was a 16.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,100 shares of company stock worth $8,243,865. Insiders own 1.60% of the company’s stock.

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.