Steward Partners Investment Advisory LLC Has $515,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Steward Partners Investment Advisory LLC boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,290 shares of the financial services provider’s stock after buying an additional 261 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Arthur J. Gallagher & Co. were worth $515,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UBS Group AG lifted its holdings in Arthur J. Gallagher & Co. by 8.5% in the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after buying an additional 28,359 shares during the period. McGlone Suttner Wealth Management Inc. increased its stake in Arthur J. Gallagher & Co. by 4.0% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 88 shares in the last quarter. Mackenzie Financial Corp increased its stake in Arthur J. Gallagher & Co. by 16.1% in the fourth quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after purchasing an additional 15,528 shares in the last quarter. National Bank of Canada FI increased its stake in Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. National Bank of Canada FI now owns 92,061 shares of the financial services provider’s stock valued at $20,713,000 after purchasing an additional 2,821 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $2,946,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 850 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total transaction of $219,164.00. Following the completion of the sale, the director now owns 45,108 shares in the company, valued at approximately $11,630,646.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 850 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total value of $219,164.00. Following the completion of the sale, the director now owns 45,108 shares in the company, valued at approximately $11,630,646.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Walter D. Bay sold 8,717 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $257.00, for a total transaction of $2,240,269.00. Following the completion of the sale, the general counsel now owns 44,691 shares of the company’s stock, valued at approximately $11,485,587. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,069 shares of company stock worth $12,946,945. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.6 %

Arthur J. Gallagher & Co. stock opened at $251.49 on Friday. The company has a market cap of $54.95 billion, a P/E ratio of 50.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1-year low of $202.69 and a 1-year high of $259.35. The company has a fifty day simple moving average of $244.75 and a 200 day simple moving average of $241.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.08. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.03 earnings per share. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AJG. Piper Sandler lowered their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Bank of America increased their price objective on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 22nd. Truist Financial reissued a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Finally, Argus increased their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $255.71.

Get Our Latest Stock Analysis on Arthur J. Gallagher & Co.

About Arthur J. Gallagher & Co.

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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