DekaBank Deutsche Girozentrale Boosts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

DekaBank Deutsche Girozentrale raised its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,639 shares of the financial services provider's stock after buying an additional 14,860 shares during the period. DekaBank Deutsche Girozentrale owned 0.05% of Arthur J. Gallagher & Co. worth $30,450,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AJG. Janus Henderson Group PLC lifted its holdings in Arthur J. Gallagher & Co. by 180.6% during the first quarter. Janus Henderson Group PLC now owns 1,228,266 shares of the financial services provider's stock worth $307,076,000 after acquiring an additional 790,467 shares during the period. Capital International Investors raised its stake in shares of Arthur J. Gallagher & Co. by 7.0% during the 1st quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider's stock worth $2,763,177,000 after purchasing an additional 727,325 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Arthur J. Gallagher & Co. by 219.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,043,769 shares of the financial services provider's stock worth $270,660,000 after buying an additional 717,221 shares during the last quarter. Capital World Investors grew its position in Arthur J. Gallagher & Co. by 9.0% during the first quarter. Capital World Investors now owns 4,832,060 shares of the financial services provider's stock valued at $1,208,208,000 after buying an additional 398,350 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Arthur J. Gallagher & Co. by 29,927.4% during the third quarter. International Assets Investment Management LLC now owns 232,412 shares of the financial services provider's stock worth $65,394,000 after buying an additional 231,638 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock traded down $0.87 during trading on Tuesday, hitting $285.12. 785,947 shares of the stock traded hands, compared to its average volume of 848,002. The stock has a market cap of $62.30 billion, a price-to-earnings ratio of 57.72, a PEG ratio of 2.53 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The firm's fifty day moving average is $289.15 and its 200-day moving average is $270.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts' consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the previous year, the business posted $2.00 EPS. The business's quarterly revenue was up 12.8% on a year-over-year basis. Research analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 48.58%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AJG shares. The Goldman Sachs Group increased their price target on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an "underperform" rating in a research note on Friday, July 26th. Jefferies Financial Group upped their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Truist Financial lifted their price objective on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and an average price target of $287.00.

Insider Activity

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total value of $1,992,760.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company's stock, valued at $21,625,146.84. 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 at the SEC website. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the sale, the chief financial officer now owns 75,963 shares of the company's stock, valued at $21,625,146.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas Joseph Gallagher sold 15,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares of the company's stock, valued at approximately $93,121,853.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,810 shares of company stock valued at $10,823,140. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Profile

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.