Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 369,256 shares of the financial services provider's stock after buying an additional 11,282 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.17% of Arthur J. Gallagher & Co. worth $83,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Beaird Harris Wealth Management LLC boosted its position in Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider's stock worth $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Arthur J. Gallagher & Co. during the third quarter worth $28,000. SJS Investment Consulting Inc. raised its stake in Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $33,000. Finally, Milestone Investment Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $45,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an "underperform" rating on the stock in a report on Wednesday, April 10th. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and reduced their target price for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. Royal Bank of Canada boosted their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. TD Cowen boosted their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a "hold" rating in a research note on Tuesday, April 2nd. Finally, Truist Financial reiterated a "hold" rating and set a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $255.23.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock remained flat at $236.81 during midday trading on Thursday. 880,401 shares of the company traded hands, compared to its average volume of 865,938. The stock has a market capitalization of $51.70 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day simple moving average of $244.41 and a two-hundred day simple moving average of $238.94. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same period in the previous year, the firm posted $1.54 EPS. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 54.05%.

Insider Buying and Selling

In related news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the sale, the vice president now directly owns 2,023 shares in the company, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Joel D. Cavaness sold 1,207 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the transaction, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David S. Johnson sold 500 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock worth $7,176,180 in the last ninety days. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Company 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.

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