DekaBank Deutsche Girozentrale grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 15.7% in the course of the third quarter, in line with the corporate in its most up-to-date submitting with the Securities & Alternate Fee. The institutional investor owned 109,639 shares of the monetary companies supplier’s inventory after buying an extra 14,860 shares in the course of the interval. DekaBank Deutsche Girozentrale owned 0.05% of Arthur J. Gallagher & Co. price $30,450,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally modified their holdings of the corporate. Janus Henderson Group PLC elevated its place in Arthur J. Gallagher & Co. by 180.6% within the 1st quarter. Janus Henderson Group PLC now owns 1,228,266 shares of the monetary companies supplier’s inventory price $307,076,000 after buying an extra 790,467 shares over the last quarter. Capital Worldwide Buyers elevated its holdings in Arthur J. Gallagher & Co. by 7.0% within the first quarter. Capital Worldwide Buyers now owns 11,050,941 shares of the monetary companies supplier’s inventory price $2,763,177,000 after shopping for an extra 727,325 shares over the last quarter. The Producers Life Insurance coverage Firm raised its place in Arthur J. Gallagher & Co. by 219.6% in the course of the second quarter. The Producers Life Insurance coverage Firm now owns 1,043,769 shares of the monetary companies supplier’s inventory valued at $270,660,000 after buying an extra 717,221 shares within the final quarter. Capital World Buyers grew its place in Arthur J. Gallagher & Co. by 9.0% within the first quarter. Capital World Buyers now owns 4,832,060 shares of the monetary companies supplier’s inventory price $1,208,208,000 after buying an extra 398,350 shares within the final quarter. Lastly, Worldwide Property Funding Administration LLC elevated its stake in shares of Arthur J. Gallagher & Co. by 29,927.4% in the course of the third quarter. Worldwide Property Funding Administration LLC now owns 232,412 shares of the monetary companies supplier’s inventory price $65,394,000 after buying an extra 231,638 shares over the last quarter. 85.53% of the inventory is owned by institutional buyers and hedge funds.
Analysts Set New Value Targets
Various equities analysis analysts just lately issued reviews on the inventory. Barclays started protection on shares of Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They issued an “equal weight” score and a $300.00 worth goal for the corporate. Jefferies Monetary Group elevated their worth goal on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the corporate a “maintain” score in a report on Wednesday, October ninth. Keefe, Bruyette & Woods boosted their goal worth on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the inventory an “underperform” score in a report on Friday, July twenty sixth. Piper Sandler elevated their worth goal on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the corporate a “impartial” score in a report on Friday, September twentieth. Lastly, Royal Financial institution of Canada boosted their worth goal on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the inventory an “outperform” score in a analysis be aware on Friday, September twentieth. Three funding analysts have rated the inventory with a promote score, seven have given a maintain score and 4 have given a purchase score to the corporate. Primarily based on knowledge from MarketBeat, Arthur J. Gallagher & Co. presently has a median score of “Maintain” and a consensus worth goal of $287.00.
Learn Our Newest Inventory Evaluation on Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Value Efficiency
Shares of Arthur J. Gallagher & Co. inventory opened at $285.99 on Tuesday. The agency has a fifty day transferring common worth of $289.21 and a two-hundred day transferring common worth of $269.88. The corporate has a market cap of $62.49 billion, a PE ratio of 57.89, a price-to-earnings-growth ratio of two.53 and a beta of 0.72. The corporate has a debt-to-equity ratio of 0.67, a present ratio of 1.04 and a fast ratio of 1.04. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week excessive of $301.04.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) final issued its quarterly earnings outcomes on Thursday, October twenty fourth. The monetary companies supplier reported $2.26 earnings per share (EPS) for the quarter, assembly the consensus estimate of $2.26. The agency had income of $2.77 billion for the quarter, in comparison with analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on fairness of 19.25% and a internet margin of 10.41%. The corporate’s quarterly income was up 12.8% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the corporate posted $2.00 earnings per share. Analysts count on that Arthur J. Gallagher & Co. will put up 10.11 EPS for the present 12 months.
Arthur J. Gallagher & Co. Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which can be paid on Friday, December twentieth. Buyers of report on Friday, December sixth can be paid a $0.60 dividend. The ex-dividend date is Friday, December sixth. This represents a $2.40 dividend on an annualized foundation and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.
Insider Shopping for and Promoting
In associated information, President Thomas Joseph Gallagher bought 15,000 shares of the corporate’s inventory in a transaction dated Thursday, August eighth. The shares have been bought at a median worth of $282.96, for a complete worth of $4,244,400.00. Following the sale, the president now owns 329,099 shares of the corporate’s inventory, valued at $93,121,853.04. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is out there by way of this hyperlink. In different Arthur J. Gallagher & Co. information, President Thomas Joseph Gallagher bought 15,000 shares of Arthur J. Gallagher & Co. inventory in a transaction on Thursday, August eighth. The shares have been bought at a median worth of $282.96, for a complete transaction of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares of the corporate’s inventory, valued at roughly $93,121,853.04. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by way of the SEC web site. Additionally, CFO Douglas Okay. Howell bought 7,000 shares of the inventory in a transaction on Thursday, September nineteenth. The shares have been bought at a median worth of $284.68, for a complete worth of $1,992,760.00. Following the completion of the transaction, the chief monetary officer now immediately owns 75,963 shares within the firm, valued at roughly $21,625,146.84. This commerce represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders bought a complete of 37,810 shares of firm inventory valued at $10,823,140 over the past ninety days. 1.60% of the inventory is owned by firm insiders.
Arthur J. Gallagher & Co. Firm Profile
Arthur J. Gallagher & Co, along with its subsidiaries, gives insurance coverage and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration companies to entities and people worldwide. It operates in Brokerage and Danger Administration segments. The Brokerage phase presents retail and wholesale insurance coverage and reinsurance brokerage companies; assists retail brokers and different non-affiliated brokers within the placement of specialised and hard-to-place insurance coverage; and acts as a brokerage wholesaler, managing common agent, and managing common underwriter for distributing specialised insurance coverage coverages to underwriting enterprises.
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