PBU The Pension Fund of Early Childhood & Youth Educators Acquires 2,292 Shares of Arthur J. Gallagher & Co. $AJG

PBU The Pension Fund of Early Childhood & Youth Educators grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 56,149 shares of the financial services provider’s stock after buying an additional 2,292 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Arthur J. Gallagher & Co. were worth $12,808,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its stake in shares of Arthur J. Gallagher & Co. by 208.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 9,022 shares of the financial services provider’s stock valued at $2,058,000 after buying an additional 6,095 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Arthur J. Gallagher & Co. during the second quarter worth $3,587,000. Sequoia Financial Advisors LLC raised its position in Arthur J. Gallagher & Co. by 7.1% in the second quarter. Sequoia Financial Advisors LLC now owns 149,799 shares of the financial services provider’s stock worth $34,389,000 after acquiring an additional 9,966 shares in the last quarter. Gtcr LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter worth $514,112,000. Finally, Nissay Asset Management Corp Japan raised its position in Arthur J. Gallagher & Co. by 13.0% in the second quarter. Nissay Asset Management Corp Japan now owns 193,547 shares of the financial services provider’s stock worth $44,433,000 after acquiring an additional 22,227 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In related news, insider Susan E. Pietrucha sold 15,020 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $282.30, for a total transaction of $4,240,146.00. Following the sale, the insider owned 16,791 shares of the company’s stock, valued at $4,740,099.30. This trade represents a 47.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William F. Ziebell sold 23,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $286.62, for a total value of $6,738,436.20. Following the sale, the vice president owned 48,942 shares of the company’s stock, valued at approximately $14,027,756.04. This represents a 32.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,616 shares of company stock valued at $29,193,156 in the last ninety days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AJG. Piper Sandler reaffirmed an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, September 24th. Mizuho raised their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $302.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. UBS Group boosted their price objective on shares of Arthur J. Gallagher & Co. from $299.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Morgan Stanley decreased their price objective on shares of Arthur J. Gallagher & Co. from $285.00 to $260.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Finally, Jefferies Financial Group upped their target price on shares of Arthur J. Gallagher & Co. from $295.00 to $319.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.05.

Arthur J. Gallagher & Co. Stock Down 1.6%

Shares of NYSE AJG opened at $277.40 on Friday. The firm’s 50-day moving average is $251.37 and its two-hundred day moving average is $233.76. The company has a market capitalization of $71.12 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.62 and a beta of 0.47. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $294.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.01. Arthur J. Gallagher & Co. had a net margin of 10.39% and a return on equity of 13.90%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the company posted $2.32 EPS. The company’s revenue was up 19.6% on a year-over-year basis. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 13.13 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, December 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $2.80 annualized dividend and a yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 42.81%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs. The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.