OMERS ADMINISTRATION Corp Purchases 1,534 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

OMERS ADMINISTRATION Corp increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,012 shares of the financial services provider’s stock after purchasing an additional 1,534 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Arthur J. Gallagher & Co. were worth $2,558,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $1,421,591,000. Vanguard Group Inc. boosted its stake in Arthur J. Gallagher & Co. by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider’s stock worth $8,422,435,000 after purchasing an additional 3,851,661 shares during the period. Winslow Capital Management LLC bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $719,489,000. Capital World Investors raised its position in shares of Arthur J. Gallagher & Co. by 30.4% during the fourth quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider’s stock valued at $2,327,403,000 after buying an additional 1,910,471 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Arthur J. Gallagher & Co. by 162.0% during the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider’s stock valued at $801,115,000 after buying an additional 1,745,283 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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

In other news, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AJG shares. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They set a “neutral” rating and a $352.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a “market perform” rating in a research report on Friday, May 2nd. Barclays boosted their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $318.57.

Arthur J. Gallagher & Co. Stock Down 0.9%

NYSE AJG opened at $329.79 on Thursday. Arthur J. Gallagher & Co. has a 52 week low of $244.60 and a 52 week high of $350.70. The firm has a market capitalization of $84.46 billion, a price-to-earnings ratio of 50.58 and a beta of 0.78. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $330.15 and a two-hundred day moving average of $310.92.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, beating the consensus estimate of $3.57 by $0.10. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.45 EPS. On average, analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 37.63%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.