Deutsche Bank AG Purchases 101,860 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Deutsche Bank AG lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,751 shares of the financial services provider’s stock after acquiring an additional 101,860 shares during the period. Deutsche Bank AG owned approximately 0.20% of Arthur J. Gallagher & Co. worth $139,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AJG. CoreCap Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 21.1% during the 4th quarter. CoreCap Advisors LLC now owns 483 shares of the financial services provider’s stock worth $137,000 after buying an additional 84 shares during the period. Crestline Management LP acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $13,165,000. Cetera Investment Advisers increased its stake in Arthur J. Gallagher & Co. by 5.7% in the fourth quarter. Cetera Investment Advisers now owns 66,111 shares of the financial services provider’s stock valued at $18,766,000 after purchasing an additional 3,584 shares in the last quarter. Blackstone Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $42,578,000. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $2,256,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 0.1 %

Shares of NYSE:AJG opened at $338.67 on Friday. The company has a market capitalization of $86.61 billion, a PE ratio of 51.94 and a beta of 0.78. Arthur J. Gallagher & Co. has a 1 year low of $244.60 and a 1 year high of $350.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The business has a fifty day moving average price of $330.37 and a two-hundred day moving average price of $310.13.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion during 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 quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.45 earnings per share. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 37.63%.

Insiders Place Their Bets

In other news, Director David S. Johnson sold 325 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now owns 44,783 shares in the company, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,835 shares of company stock valued at $5,839,830 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AJG. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Truist Financial increased their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Jefferies Financial Group dropped their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus target price of $315.33.

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.