National Wealth Management Group LLC Purchases Shares of 1,554 Arthur J. Gallagher & Co. (NYSE:AJG)

National Wealth Management Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,554 shares of the financial services provider’s stock, valued at approximately $437,000.

Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Arthur J. Gallagher & Co. by 15.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock valued at $30,450,000 after purchasing an additional 14,860 shares in the last quarter. MQS Management LLC purchased a new position in Arthur J. Gallagher & Co. in the third quarter valued at approximately $749,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Arthur J. Gallagher & Co. by 29.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 161,028 shares of the financial services provider’s stock valued at $41,756,000 after buying an additional 37,070 shares in the last quarter. Swedbank AB purchased a new stake in Arthur J. Gallagher & Co. during the first quarter worth approximately $3,297,000. Finally, Marsico Capital Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 316.9% in the 2nd quarter. Marsico Capital Management LLC now owns 11,447 shares of the financial services provider’s stock valued at $2,968,000 after acquiring an additional 8,701 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AJG has been the subject of several recent research reports. UBS Group increased their price target on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Truist Financial increased their target price on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Piper Sandler boosted their price target on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group boosted their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $291.64.

Insider Activity

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 owns 33,267 shares of the company’s stock, valued at $9,853,685.40. The trade was a 17.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,900 shares of company stock valued at $6,892,280. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $315.00 on Thursday. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $315.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market cap of $69.11 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 2.61 and a beta of 0.72. The stock has a 50 day moving average of $289.51 and a 200-day moving average of $278.29.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting analysts’ consensus estimates of $2.26. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 10.12 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, December 6th. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Arthur J. Gallagher & Co. Profile

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.