Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 944,101 shares of the financial services provider’s stock after acquiring an additional 18,399 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.44% of Arthur J. Gallagher & Co. worth $212,309,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $33,000. Security National Bank bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $33,000. Finally, DSM Capital Partners LLC acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter worth $37,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AJG has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Truist Financial restated a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods dropped their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Finally, Piper Sandler reduced their price target on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $255.71.

View Our Latest Research Report on Arthur J. Gallagher & Co.

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

In related news, Director David S. Johnson sold 850 shares of Arthur J. Gallagher & Co. stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $257.84, for a total value of $219,164.00. Following the transaction, the director now directly owns 45,108 shares in the company, valued at approximately $11,630,646.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 850 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total value of $219,164.00. Following the completion of the transaction, the director now directly owns 45,108 shares in the company, valued at $11,630,646.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Douglas K. Howell sold 16,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the transaction, the chief financial officer now directly owns 80,952 shares in the company, valued at $20,109,286.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,069 shares of company stock valued at $9,121,045. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG traded down $2.65 during midday trading on Friday, hitting $258.13. 342,642 shares of the stock were exchanged, compared to its average volume of 843,928. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $56.40 billion, a price-to-earnings ratio of 52.79, a P/E/G ratio of 2.34 and a beta of 0.72. The business has a 50-day moving average price of $245.88 and a two-hundred day moving average price of $241.42. Arthur J. Gallagher & Co. has a one year low of $209.39 and a one year high of $262.50.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co.’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.03 earnings per share. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.60 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.93%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Arthur J. Gallagher & Co. Profile

(Free Report)

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.

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

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