Deutsche Bank AG Has $181.49 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Key Points

• Deutsche Bank AG increased its ownership in Arthur J. Gallagher & Co. by 7.1%, acquiring an additional 34,928 shares, bringing its total stake to approximately 0.21% worth $181.5 million.
• Insider selling included Director David S. Johnson offloading 1,000 shares at an average price of $342.04, while VP Scott R. Hudson sold 10,500 shares for a total of $3.54 million.
• Arthur J. Gallagher & Co. announced a quarterly dividend of $0.65 per share, set to be paid on September 19th to shareholders of record on September 5th, resulting in an annualized yield of 0.9%.

Deutsche Bank AG increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,679 shares of the financial services provider's stock after purchasing an additional 34,928 shares during the period. Deutsche Bank AG owned approximately 0.21% of Arthur J. Gallagher & Co. worth $181,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $25,000. Johnson Financial Group Inc. grew its stake in Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 76 shares during the period. Parvin Asset Management LLC acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $35,000. Centennial Bank AR acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $38,000. Finally, Golden State Wealth Management LLC grew its stake in Arthur J. Gallagher & Co. by 2,750.0% in the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 110 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 1.4%

AJG traded up $3.94 on Wednesday, hitting $294.59. 428,810 shares of the company were exchanged, compared to its average volume of 1,548,208. Arthur J. Gallagher & Co. has a 12 month low of $274.25 and a 12 month high of $351.23. The company has a market cap of $75.53 billion, a PE ratio of 41.91 and a beta of 0.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The stock's fifty day moving average is $310.25 and its 200-day moving average is $322.60.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The business's revenue was up 16.0% on a year-over-year basis. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.65 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.60 annualized dividend and a yield of 0.9%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 36.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 23rd. Barclays reduced their price objective on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Wall Street Zen cut Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a research report on Saturday. Piper Sandler upped their price objective on Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup started coverage on Arthur J. Gallagher & Co. in a research report on Wednesday. They set a "neutral" rating and a $317.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $331.07.

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

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $342.04, for a total value of $342,040.00. Following the sale, the director owned 45,323 shares in the company, valued at $15,502,278.92. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 13,500 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the sale, the insider owned 11,941 shares in the company, valued at $4,109,256.33. This represents a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $8,528,080 over the last 90 days. Company insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.