Czech National Bank Purchases 3,138 Shares of Arthur J. Gallagher & Co. $AJG

Czech National Bank raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,124 shares of the financial services provider’s stock after buying an additional 3,138 shares during the period. Czech National Bank’s holdings in Arthur J. Gallagher & Co. were worth $16,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $26,000. Axiom Investment Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC bought a new position in Arthur J. Gallagher & Co. in the first quarter worth approximately $29,000. MV Capital Management Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $235.00 to $265.00 in a report on Thursday, June 11th. Truist Financial upped their target price on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. UBS Group lifted their target price on Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wolfe Research lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.65.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $247.59 on Friday. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $313.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.05. The firm has a market cap of $63.46 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 1.30 and a beta of 0.50. The firm’s fifty day moving average is $236.28 and its two-hundred day moving average is $224.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. Research analysts expect that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s payout ratio is presently 46.43%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the sale, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

About Arthur J. Gallagher & Co.

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.