Arthur J. Gallagher & Co. (NYSE:AJG) Stock Holdings Raised by Global Retirement Partners LLC

Global Retirement Partners LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 509,520 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. Arthur J. Gallagher & Co. comprises about 4.3% of Global Retirement Partners LLC’s portfolio, making the stock its 2nd largest position. Global Retirement Partners LLC owned 0.23% of Arthur J. Gallagher & Co. worth $143,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AJG. Miracle Mile Advisors LLC increased its stake in Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock worth $1,289,000 after buying an additional 38 shares during the period. Signaturefd LLC increased its stake in Arthur J. Gallagher & Co. by 1.0% in the 2nd quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock worth $992,000 after buying an additional 39 shares during the period. Ritholtz Wealth Management increased its stake in Arthur J. Gallagher & Co. by 0.4% in the 3rd quarter. Ritholtz Wealth Management now owns 8,786 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 39 shares during the period. Trueblood Wealth Management LLC increased its stake in Arthur J. Gallagher & Co. by 0.4% in the 2nd quarter. Trueblood Wealth Management LLC now owns 9,290 shares of the financial services provider’s stock worth $2,409,000 after buying an additional 40 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in Arthur J. Gallagher & Co. by 4.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock worth $246,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 8,710 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total value of $2,482,959.70. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,654,772.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now directly owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Douglas K. Howell sold 8,710 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,654,772.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,145 shares of company stock valued at $12,622,660 in the last three months. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.0 %

Shares of NYSE:AJG traded down $0.03 during trading on Thursday, reaching $289.49. The stock had a trading volume of 254,881 shares, compared to its average volume of 844,904. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $301.04. The company has a market capitalization of $63.25 billion, a P/E ratio of 58.61, a PEG ratio of 2.53 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm’s 50-day simple moving average is $288.55 and its 200 day simple moving average is $267.20.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. Arthur J. Gallagher & Co.’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Bank of America increased their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen increased their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Bank Of America (Bofa) increased their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $287.00.

About Arthur J. Gallagher & Co.

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.