Mercer Global Advisors Inc. ADV Purchases 220 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Mercer Global Advisors Inc. ADV lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 518,481 shares of the financial services provider’s stock after acquiring an additional 220 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Arthur J. Gallagher & Co. were worth $134,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG boosted its position in Arthur J. Gallagher & Co. by 8.5% during the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock worth $81,281,000 after purchasing an additional 28,359 shares during the period. Norden Group LLC bought a new position in Arthur J. Gallagher & Co. during the first quarter worth $3,841,000. Brookstone Capital Management boosted its position in Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after purchasing an additional 5,308 shares during the period. Sei Investments Co. boosted its position in Arthur J. Gallagher & Co. by 11.7% during the first quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock worth $48,649,000 after purchasing an additional 20,302 shares during the period. Finally, Nomura Holdings Inc. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $979,000. 85.53% of the stock is owned by institutional investors.

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

In other news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas Joseph Gallagher sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now owns 329,099 shares in the company, valued at $93,121,853.04. The disclosure for this sale can be found here. Insiders have sold a total of 37,145 shares of company stock worth $10,629,900 over the last 90 days. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Bank of America lifted their target price on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a report on Wednesday, May 22nd. BMO Capital Markets lifted their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Barclays assumed coverage on Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 target price for the company. Finally, Truist Financial lifted their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $276.82.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $295.94 on Wednesday. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $284.68 and its two-hundred day moving average price is $262.15. The stock has a market cap of $64.66 billion, a PE ratio of 59.91, a P/E/G ratio of 2.47 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts expect that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

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.