Arthur J. Gallagher & Co. $AJG Stock Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 29.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,854 shares of the financial services provider’s stock after buying an additional 18,310 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $20,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Integrated Advisors Network LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the third quarter valued at approximately $312,000. Oregon Pacific Wealth Management LLC raised its position in Arthur J. Gallagher & Co. by 5.9% in the 3rd quarter. Oregon Pacific Wealth Management LLC now owns 1,232 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 69 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Arthur J. Gallagher & Co. by 208.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,022 shares of the financial services provider’s stock worth $2,058,000 after purchasing an additional 6,095 shares during the last quarter. Diversify Advisory Services LLC raised its position in Arthur J. Gallagher & Co. by 109.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,565 shares of the financial services provider’s stock worth $585,000 after purchasing an additional 1,340 shares during the last quarter. Finally, South Shore Capital Advisors acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth $981,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

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

In other Arthur J. Gallagher & Co. news, General Counsel Walter Bay sold 12,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $270.08, for a total transaction of $3,240,960.00. Following the completion of the sale, the general counsel owned 71,292 shares in the company, valued at approximately $19,254,543.36. The trade was a 14.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Richard Cary sold 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total value of $252,860.00. Following the completion of the transaction, the chief accounting officer directly owned 46,819 shares in the company, valued at approximately $11,838,652.34. This trade represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 28,500 shares of company stock worth $7,562,950. 1.40% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.2%

Shares of NYSE:AJG opened at $258.64 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $66.29 billion, a price-to-earnings ratio of 42.89, a P/E/G ratio of 1.48 and a beta of 0.55. The company has a 50 day moving average of $246.62 and a 200-day moving average of $233.14. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $284.33.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. Arthur J. Gallagher & Co.’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 13.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wolfe Research lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. 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. Truist Financial boosted their target price on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Jefferies Financial Group cut their price target on Arthur J. Gallagher & Co. from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Mizuho decreased their price target on Arthur J. Gallagher & Co. from $292.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.74.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.