Arthur J. Gallagher & Co. $AJG Stock: Nisa Investment Advisors LLC Increases Holdings

Nisa Investment Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 29.3% during the 3rd quarter, Holdings Channel reports. The fund owned 80,854 shares of the financial services provider’s stock after buying an additional 18,310 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $20,428,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Integrated Advisors Network LLC acquired a new stake in Arthur J. Gallagher & Co. in the third quarter worth $312,000. Oregon Pacific Wealth Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 5.9% in the 3rd quarter. Oregon Pacific Wealth Management LLC now owns 1,232 shares of the financial services provider’s stock valued at $281,000 after buying an additional 69 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Arthur J. Gallagher & Co. by 208.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,022 shares of the financial services provider’s stock valued at $2,058,000 after buying an additional 6,095 shares during the period. Diversify Advisory Services LLC increased its position in shares of Arthur J. Gallagher & Co. by 109.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,565 shares of the financial services provider’s stock valued at $585,000 after buying an additional 1,340 shares in the last quarter. Finally, South Shore Capital Advisors bought a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $981,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $258.64 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $284.33. The firm’s 50 day moving average price is $246.62 and its two-hundred day moving average price is $233.14. The firm has a market cap of $66.29 billion, a P/E ratio of 42.89, a PEG ratio of 1.48 and a beta of 0.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the company earned $2.33 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, analysts forecast that Arthur J. Gallagher & Co. will post 13.16 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Arthur J. Gallagher & Co.’s payout ratio is currently 46.43%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Argus raised their price objective on Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Evercore boosted their target price on Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Wolfe Research cut Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Morgan Stanley lowered their price target on Arthur J. Gallagher & Co. from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. 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. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.74.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 3,500 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total transaction of $899,570.00. Following the completion of the transaction, the vice president owned 22,223 shares in the company, valued at approximately $5,711,755.46. This represents a 13.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Richard C. Cary sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total value of $252,860.00. Following the completion of the sale, the chief accounting officer directly owned 46,819 shares in the company, valued at $11,838,652.34. This represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,500 shares of company stock valued at $7,562,950. 1.40% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Profile

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

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.