Arthur J. Gallagher & Co. $AJG Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,708 shares of the financial services provider’s stock after buying an additional 3,100 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Arthur J. Gallagher & Co. were worth $8,197,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AJG. Kemnay Advisory Services Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $26,000. Axiom Investment Management LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $28,000. Cassaday & Co Wealth Management LLC acquired a new stake in Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $29,000. MV Capital Management Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. raised its position in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $247.59 on Friday. The stock has a market capitalization of $63.46 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. The business’s fifty day moving average price is $236.28 and its 200 day moving average price is $224.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $313.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.03. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 46.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AJG shares. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Mizuho upped their price target on shares of Arthur J. Gallagher & Co. from $287.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Royal Bank Of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Piper Sandler boosted their target price on shares of Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup upped their target price on shares of Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.65.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.