Robeco Institutional Asset Management B.V. Has $16.64 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Robeco Institutional Asset Management B.V. decreased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,128 shares of the financial services provider's stock after selling 7,465 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Arthur J. Gallagher & Co. were worth $16,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Arthur J. Gallagher & Co. by 9.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,443 shares of the financial services provider's stock valued at $6,112,000 after acquiring an additional 2,031 shares during the last quarter. Nordea Investment Management AB boosted its stake in Arthur J. Gallagher & Co. by 2.1% in the 1st quarter. Nordea Investment Management AB now owns 18,041 shares of the financial services provider's stock worth $4,509,000 after buying an additional 370 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth about $68,000. Signaturefd LLC grew its holdings in Arthur J. Gallagher & Co. by 9.2% in the first quarter. Signaturefd LLC now owns 3,786 shares of the financial services provider's stock valued at $947,000 after purchasing an additional 319 shares during the period. Finally, Csenge Advisory Group increased its holdings in shares of Arthur J. Gallagher & Co. by 57.0% during the 1st quarter. Csenge Advisory Group now owns 2,779 shares of the financial services provider's stock worth $695,000 after buying an additional 1,009 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded up $0.27 during midday trading on Thursday, reaching $290.95. 496,944 shares of the company traded hands, compared to its average volume of 845,375. The firm has a market capitalization of $63.83 billion, a price-to-earnings ratio of 55.36, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. The company has a fifty day moving average price of $288.45 and a 200 day moving average price of $272.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm posted $2.00 EPS. Arthur J. Gallagher & Co.'s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.'s payout ratio is 45.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AJG. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. The Goldman Sachs Group increased their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Truist Financial lifted their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Bank Of America (Bofa) raised their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an "underperform" rating in a report on Friday, July 26th. Finally, Barclays began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $300.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $287.00.

Insider Activity

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares of the company's stock, valued at $9,853,685.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,625,146.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Robert Pesch sold 7,100 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the transaction, the president now owns 33,267 shares in the company, valued at $9,853,685.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,900 shares of company stock worth $6,892,280 over the last 90 days. 1.60% of the stock is owned by company insiders.

About Arthur J. Gallagher & Co.

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.