Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,308 shares of the financial services provider’s stock after selling 926 shares during the period. SVB Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,643,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AJG. Beaird Harris Wealth Management LLC increased its stake in shares of Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the third quarter worth $28,000. SJS Investment Consulting Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $33,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the third quarter worth $45,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock valued at $7,176,180 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Up 1.5 %

Arthur J. Gallagher & Co. stock opened at $233.99 on Friday. The company has a 50-day simple moving average of $244.43 and a 200-day simple moving average of $238.61. The firm has a market capitalization of $51.08 billion, a P/E ratio of 52.70, a P/E/G ratio of 2.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10.

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

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.60 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 1.03%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 54.05%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AJG. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. TD Cowen boosted their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Truist Financial reiterated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Jefferies Financial Group lowered shares of 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 research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $255.23.

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.