Canada Pension Plan Investment Board Has $16.48 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Canada Pension Plan Investment Board raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,539 shares of the financial services provider’s stock after acquiring an additional 1,972 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Arthur J. Gallagher & Co. were worth $16,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AJG. Signaturefd LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 1.0% in the second quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 39 shares in the last quarter. Trueblood Wealth Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.4% during the second quarter. Trueblood Wealth Management LLC now owns 9,290 shares of the financial services provider’s stock worth $2,409,000 after acquiring an additional 40 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 4.7% during the first quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 44 shares during the period. ERn Financial LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.9% in the first quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 47 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in Arthur J. Gallagher & Co. by 0.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock worth $1,642,000 after purchasing an additional 48 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other 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 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 directly owns 75,963 shares in the company, valued at $21,625,146.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,625,146.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,145 shares of company stock worth $12,622,660. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $281.93 on Tuesday. The company has a market capitalization of $61.60 billion, a P/E ratio of 57.07, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50 day moving average price is $285.71 and its two-hundred day moving average price is $263.17.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business earned $1.90 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts expect that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. UBS Group lifted their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Barclays started coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price target on the stock. Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus target price of $282.93.

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.