Bank Julius Baer & Co. Ltd Zurich Has $83.04 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 369,256 shares of the financial services provider’s stock after buying an additional 11,282 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Arthur J. Gallagher & Co. were worth $83,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust boosted its stake in shares of Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 42 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 43 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 3.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 46 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 3.7% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 47 shares during the last quarter. Finally, Cambridge Trust Co. increased its holdings in shares of Arthur J. Gallagher & Co. by 5.1% during the 4th quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their target price for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Truist Financial reaffirmed a “hold” rating and issued a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen raised their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG remained flat at $236.81 during trading on Thursday. The company’s stock had a trading volume of 880,401 shares, compared to its average volume of 865,938. Arthur J. Gallagher & Co. has a 1 year low of $198.52 and a 1 year high of $256.10. The firm’s fifty day simple moving average is $244.41 and its 200 day simple moving average is $238.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $51.70 billion, a PE ratio of 53.32, a P/E/G ratio of 2.24 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

Insider Activity

In related news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the sale, the vice president now owns 2,023 shares of the company’s stock, valued at $516,269.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now owns 2,023 shares of the company’s stock, valued at $516,269.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.