Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,953 shares of the financial services provider's stock after purchasing an additional 5,291 shares during the period. Natixis Advisors LLC owned about 0.16% of Arthur J. Gallagher & Co. worth $99,029,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AJG. Mark Sheptoff Financial Planning LLC purchased a new position in Arthur J. Gallagher & Co. during the second quarter valued at $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 52 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $29,000. Institutional investors own 85.53% of the company's stock.

Insider Activity

In related news, President Michael Robert Pesch sold 7,100 shares of the business's 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 sale, the president now owns 33,267 shares in the company, valued at approximately $9,853,685.40. The trade was a 17.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the sale, the chief financial officer now owns 75,963 shares of the company's stock, valued at approximately $21,626,666.10. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,900 shares of company stock valued at $6,892,280. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Trading Down 0.0 %

Shares of AJG traded down $0.13 during mid-day trading on Friday, reaching $294.58. 948,405 shares of the company's stock traded hands, compared to its average volume of 819,487. The stock has a market cap of $64.63 billion, a P/E ratio of 56.11, a P/E/G ratio of 2.51 and a beta of 0.72. The stock's 50-day moving average is $288.49 and its two-hundred day moving average is $274.96. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. 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. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts' consensus estimates of $2.26. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company's quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Research analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. Arthur J. Gallagher & Co.'s dividend payout ratio is 45.71%.

Analysts Set New Price Targets

AJG has been the topic of several research analyst reports. Barclays initiated coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $300.00 price objective on the stock. BMO Capital Markets lifted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Bank Of America (Bofa) lifted their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an "underperform" rating in a report on Friday, July 26th. UBS Group lifted their target price on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an "underperform" rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $289.14.

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.