Nissay Asset Management Corp Japan Has $44.43 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Nissay Asset Management Corp Japan raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.0% during the 2nd quarter, Holdings Channel reports. The fund owned 193,547 shares of the financial services provider’s stock after acquiring an additional 22,227 shares during the period. Nissay Asset Management Corp Japan’s holdings in Arthur J. Gallagher & Co. were worth $44,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Dearborn Partners LLC raised its stake in shares of Arthur J. Gallagher & Co. by 6.3% in the fourth quarter. Dearborn Partners LLC now owns 133,936 shares of the financial services provider’s stock worth $34,661,000 after acquiring an additional 7,946 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $3,571,000. Gtcr LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $514,112,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter worth $1,371,000. Finally, Evelyn Partners Investment Management Services Ltd bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at $5,848,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 12,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $270.08, for a total value of $3,240,960.00. Following the sale, the general counsel directly owned 71,292 shares in the company, valued at approximately $19,254,543.36. This trade represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the transaction, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at $9,850,714. This trade represents a 5.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,500 shares of company stock valued at $4,758,530 in the last 90 days. 1.40% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $267.43 on Friday. 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. has a twelve month low of $190.75 and a twelve month high of $313.55. The business’s fifty day moving average is $249.63 and its 200-day moving average is $225.78. The company has a market cap of $68.54 billion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 1.59 and a beta 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, beating the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 46.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Wolfe Research cut Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Morgan Stanley upped their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, Piper Sandler raised their target price on shares of Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $290.28.

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.