Natixis Advisors LLC Has $103.84 Million Position in Arthur J. Gallagher & Co. $AJG

Natixis Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,248 shares of the financial services provider’s stock after acquiring an additional 5,313 shares during the period. Natixis Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $103,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AJG. Physician Wealth Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 870.0% during the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Arthur J. Gallagher & Co. by 40.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 39 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after buying an additional 68 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth $62,000. 85.53% of the stock is owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 15,850 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $255.00, for a total value of $4,041,750.00. Following the transaction, the general counsel owned 79,549 shares in the company, valued at approximately $20,284,995. This represents a 16.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total value of $1,032,440.00. Following the sale, the vice president owned 17,327 shares of the company’s stock, valued at approximately $4,472,271.97. This represents a 18.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,850 shares of company stock valued at $6,364,440 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.5%

Arthur J. Gallagher & Co. stock opened at $228.40 on Monday. The company has a market capitalization of $58.72 billion, a PE ratio of 37.14, a PEG ratio of 1.11 and a beta of 0.67. Arthur J. Gallagher & Co. has a 12-month low of $195.00 and a 12-month high of $351.23. The firm’s fifty day moving average is $239.88 and its 200 day moving average is $263.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the company posted $1.12 earnings per share. The business’s quarterly revenue was up 33.9% on a year-over-year basis. As a group, sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 1.2%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.53%.

Analysts Set New Price Targets

A number of research firms have issued reports on AJG. Keefe, Bruyette & Woods decreased their target price on Arthur J. Gallagher & Co. from $279.00 to $249.00 and set a “market perform” rating on the stock in a research report on Friday, January 30th. Citigroup raised their price target on shares of Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. BMO Capital Markets lowered shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $289.00 to $275.00 in a report on Tuesday, January 13th. UBS Group dropped their price objective on shares of Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Finally, Piper Sandler cut their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $281.76.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.