Healthcare of Ontario Pension Plan Trust Fund Has $13.67 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 102.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,583 shares of the financial services provider’s stock after acquiring an additional 24,583 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Arthur J. Gallagher & Co. were worth $13,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $26,000. Rakuten Securities Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 87 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 52 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AJG shares. Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays upped their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, TD Cowen upped their price target on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $291.64.

Arthur J. Gallagher & Co. Stock Up 0.7 %

Shares of NYSE AJG opened at $315.16 on Friday. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $315.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day moving average price is $290.17 and its 200-day moving average price is $278.55. The stock has a market capitalization of $69.15 billion, a PE ratio of 60.03, a P/E/G ratio of 2.61 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.71%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,626,666.10. This represents a 8.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,900 shares of company stock valued at $6,892,280. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. 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.