Boston Partners Purchases 2,806 Shares of Arthur J. Gallagher & Co. $AJG

Boston Partners lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 735,759 shares of the financial services provider’s stock after buying an additional 2,806 shares during the period. Boston Partners’ holdings in Arthur J. Gallagher & Co. were worth $234,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp boosted its stake in Arthur J. Gallagher & Co. by 209.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 69 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth $33,000. Saudi Central Bank bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $34,000. Motco boosted its position in shares of Arthur J. Gallagher & Co. by 700.0% during the first quarter. Motco now owns 112 shares of the financial services provider’s stock valued at $39,000 after buying an additional 98 shares during the last quarter. Finally, SouthState Corp purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter worth about $39,000. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AJG. UBS Group raised their price target on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Keefe, Bruyette & Woods dropped their target price on shares of Arthur J. Gallagher & Co. from $315.00 to $275.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Piper Sandler decreased their target price on shares of Arthur J. Gallagher & Co. from $340.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Cowen reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average price target of $323.64.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at $25,569,792. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Robert Pesch acquired 4,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $247.12 per share, for a total transaction of $988,480.00. Following the completion of the transaction, the vice president directly owned 41,849 shares of the company’s stock, valued at approximately $10,341,724.88. This represents a 10.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 29,855 shares of company stock worth $8,916,928 in the last three months. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $254.85 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50-day simple moving average of $287.48 and a two-hundred day simple moving average of $306.01. The firm has a market capitalization of $65.34 billion, a PE ratio of 36.20 and a beta of 0.71. Arthur J. Gallagher & Co. has a 52-week low of $239.47 and a 52-week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.26 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio is 38.86%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.