Arthur J. Gallagher & Co. $AJG Stock Holdings Lifted by Empower Advisory Group LLC

Empower Advisory Group LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 91.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,391 shares of the financial services provider’s stock after purchasing an additional 2,573 shares during the period. Empower Advisory Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,726,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. J.Safra Asset Management Corp raised its position in Arthur J. Gallagher & Co. by 209.1% during the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 69 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth $33,000. Saudi Central Bank bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $34,000. Motco lifted its stake in shares of 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 purchasing an additional 98 shares during the last quarter. Finally, SouthState Corp bought a new stake in Arthur J. Gallagher & Co. in the first quarter worth $39,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $258.53 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $239.47 and a 12 month high of $351.23. The company has a market cap of $66.39 billion, a P/E ratio of 36.72 and a beta of 0.71. The business’s 50 day moving average is $284.84 and its two-hundred day moving average is $304.78. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the company posted $2.26 earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 38.86%.

Analysts Set New Price Targets

AJG has been the subject of a number of analyst reports. UBS Group boosted their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Wall Street Zen lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Cowen reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 31st. Cantor Fitzgerald raised shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Evercore ISI decreased their price objective on shares of Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating for the company in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.64.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the transaction, the vice president owned 85,920 shares of the company’s stock, valued at $25,569,792. This represents a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael Robert Pesch acquired 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $247.12 per share, with a total value of $988,480.00. Following the transaction, the vice president directly owned 41,849 shares in the company, valued at approximately $10,341,724.88. This trade represents a 10.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,855 shares of company stock worth $8,916,928. 1.60% of the stock is currently owned by company insiders.

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.