Northern Trust Corp Has $816.41 Million Position in Arthur J. Gallagher & Co. $AJG

Key Points

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Northern Trust Corp increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,364,759 shares of the financial services provider's stock after buying an additional 9,458 shares during the period. Northern Trust Corp owned about 0.92% of Arthur J. Gallagher & Co. worth $816,409,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in Arthur J. Gallagher & Co. during the first quarter valued at $25,000. Centennial Bank AR acquired a new stake in Arthur J. Gallagher & Co. in the first quarter worth about $38,000. Motco lifted its holdings in Arthur J. Gallagher & Co. by 700.0% in the 1st quarter. Motco now owns 112 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 98 shares during the last quarter. SouthState Corp acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $39,000. Finally, Johnson Financial Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 205.4% in the 4th 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 last quarter. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

AJG has been the subject of a number of research analyst reports. Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. Wall Street Zen downgraded Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Citigroup began coverage on Arthur J. Gallagher & Co. in a report on Wednesday, August 13th. They set a "neutral" rating and a $317.00 price objective on the stock. Barclays cut their price objective on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Finally, Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a "strong-buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of "Hold" and a consensus target price of $331.07.

Arthur J. Gallagher & Co. Stock Down 0.8%

Shares of NYSE AJG traded down $2.5550 during mid-day trading on Friday, reaching $302.8250. The company had a trading volume of 1,165,433 shares, compared to its average volume of 1,790,757. The stock has a fifty day moving average of $306.50 and a two-hundred day moving average of $322.31. 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 company has a market capitalization of $77.64 billion, a price-to-earnings ratio of 43.01 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12-month low of $274.25 and a 12-month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.36 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.Arthur J. Gallagher & Co.'s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

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

Arthur J. Gallagher & Co. 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.