Swiss National Bank Buys 6,700 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Swiss National Bank boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 648,500 shares of the financial services provider's stock after purchasing an additional 6,700 shares during the period. Swiss National Bank owned about 0.30% of Arthur J. Gallagher & Co. worth $182,468,000 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 the business. W Advisors LLC grew its position in Arthur J. Gallagher & Co. by 2.4% in the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider's stock valued at $426,000 after purchasing an additional 36 shares in the last quarter. Miracle Mile Advisors LLC grew its position in Arthur J. Gallagher & Co. by 0.8% in the third quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider's stock valued at $1,289,000 after purchasing an additional 38 shares in the last quarter. Covenant Partners LLC grew its position in Arthur J. Gallagher & Co. by 0.7% in the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider's stock valued at $1,499,000 after purchasing an additional 38 shares in the last quarter. Disciplined Investments LLC lifted its stake in Arthur J. Gallagher & Co. by 0.7% in the third quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider's stock valued at $1,635,000 after acquiring an additional 38 shares during the last quarter. Finally, Seelaus Asset Management LLC lifted its stake in Arthur J. Gallagher & Co. by 0.7% in the third quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider's stock valued at $1,542,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the business's stock in a transaction on Thursday, September 19th. The shares were 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 owns 75,963 shares in the company, valued at approximately $21,625,146.84. The trade was a 8.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 owns 33,267 shares of the company's stock, valued at $9,853,685.40. This trade represents a 17.59 % 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 in the last quarter. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock traded down $1.05 during midday trading on Monday, hitting $293.53. 728,124 shares of the company traded hands, compared to its average volume of 845,491. The stock has a market cap of $64.40 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 2.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm's fifty day moving average price is $288.49 and its 200-day moving average price is $275.22. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04.

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

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. Arthur J. Gallagher & Co.'s payout ratio is presently 45.71%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group increased their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Bank Of America (Bofa) increased their price target on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an "underperform" rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their price target on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Truist Financial increased their price target 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, Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and an average price target 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.