Unigestion Holding SA Makes New Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Unigestion Holding SA acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,538 shares of the financial services provider’s stock, valued at approximately $995,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co raised its stake in Arthur J. Gallagher & Co. by 1.8% during the second quarter. Diversified Trust Co now owns 3,131 shares of the financial services provider’s stock worth $812,000 after acquiring an additional 55 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Arthur J. Gallagher & Co. by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 54,858 shares of the financial services provider’s stock valued at $14,225,000 after buying an additional 453 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Arthur J. Gallagher & Co. by 26.4% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 10,371 shares of the financial services provider’s stock valued at $2,689,000 after acquiring an additional 2,168 shares during the period. AlphaMark Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.5% during the second quarter. AlphaMark Advisors LLC now owns 3,399 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 51 shares in the last quarter. Finally, Brookmont Capital Management grew its stake in Arthur J. Gallagher & Co. by 2.4% in the second quarter. Brookmont Capital Management now owns 22,323 shares of the financial services provider’s stock valued at $5,789,000 after acquiring an additional 513 shares during the period. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $284.70, for a total transaction 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. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,900 shares of company stock valued at $6,892,280. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

AJG has been the subject of several research reports. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target 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. TD Cowen upped their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Finally, Piper Sandler boosted their price target on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $293.71.

Arthur J. Gallagher & Co. Stock Down 2.8 %

AJG stock opened at $283.65 on Wednesday. The firm has a market capitalization of $62.23 billion, a PE ratio of 54.03, a P/E/G ratio of 2.53 and a beta of 0.74. The stock’s 50 day moving average is $293.62 and its 200-day moving average is $281.35. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS 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 company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.12 EPS 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 $0.60 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.85%. Arthur J. Gallagher & Co.’s payout ratio is presently 45.71%.

Arthur J. Gallagher & Co. Company 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.