Arthur J. Gallagher & Co. $AJG Shares Bought by National Pension Service

National Pension Service grew its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,323 shares of the financial services provider's stock after buying an additional 18,047 shares during the period. National Pension Service owned 0.20% of Arthur J. Gallagher & Co. worth $118,532,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AJG. California State Teachers Retirement System grew its position in Arthur J. Gallagher & Co. by 23,248.0% in the second quarter. California State Teachers Retirement System now owns 86,171,395 shares of the financial services provider's stock worth $19,782,367,000 after acquiring an additional 85,802,321 shares during the period. Capital World Investors lifted its stake in shares of Arthur J. Gallagher & Co. by 7.0% in the 4th quarter. Capital World Investors now owns 12,613,371 shares of the financial services provider's stock valued at $3,264,359,000 after purchasing an additional 830,252 shares during the last quarter. State Street Corp grew its holdings in shares of Arthur J. Gallagher & Co. by 0.6% during the 4th quarter. State Street Corp now owns 10,953,598 shares of the financial services provider's stock worth $2,834,682,000 after purchasing an additional 62,518 shares during the period. Norges Bank purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $1,925,062,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Arthur J. Gallagher & Co. by 123.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider's stock valued at $1,523,636,000 after buying an additional 3,253,498 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Scott Hudson sold 12,000 shares of the company's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the sale, the vice president owned 90,262 shares in the company, valued at $23,840,902.06. This represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Walter Bay sold 12,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $270.08, for a total value of $3,240,960.00. Following the completion of the transaction, the general counsel owned 71,292 shares of the company's stock, valued at $19,254,543.36. The trade was a 14.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,500 shares of company stock valued at $7,310,090 in the last three months. 1.40% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Down 0.3%

NYSE AJG opened at $243.54 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $62.42 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 1.48 and a beta of 0.50. The firm has a 50 day simple moving average of $255.24 and a 200-day simple moving average of $228.77. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $313.55.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) 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 company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business earned $2.33 EPS. The firm's quarterly revenue was up 24.3% on a year-over-year basis. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 13.28 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be issued a $0.70 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 46.43%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Truist Financial increased their price objective on shares of 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. Barclays lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Jefferies Financial Group upgraded Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their price target for the stock from $235.00 to $265.00 in a research note on Thursday, June 11th. Finally, UBS Group raised their price target on Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $290.28.

Arthur J. Gallagher & Co. Profile

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

Its operations include retail insurance brokerage, employee benefits consulting, risk management, claims administration, actuarial services, captive insurance and wholesale brokerage. Gallagher arranges commercial property and casualty coverage, personal insurance, specialty insurance and employee benefit programs, while also providing services designed to help clients manage workplace, liability and other operational risks.

Founded in 1927 by Arthur J.

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