Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Boosted by Ronald Blue Trust Inc.

Posted by Defense World Staff on Mar 28th, 2023

Ronald Blue Trust Inc. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) by 115.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 745 shares of the financial services provider’s stock after purchasing an additional 399 shares during the period. Ronald Blue Trust Inc.’s holdings in Arthur J. Gallagher & Co. were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AJG. U.S. Capital Wealth Advisors LLC grew its position in Arthur J. Gallagher & Co. by 7.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 90 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Arthur J. Gallagher & Co. by 49.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 1,744 shares in the last quarter. Prudential PLC purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $838,000. Sequoia Financial Advisors LLC grew its position in Arthur J. Gallagher & Co. by 37.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 693 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in Arthur J. Gallagher & Co. by 25.0% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock worth $1,953,000 after purchasing an additional 2,235 shares in the last quarter. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial boosted their price target on shares of Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, January 30th. StockNews.com assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Thursday, March 16th. They set a “hold” rating on the stock. Raymond James boosted their price target on shares of Arthur J. Gallagher & Co. from $205.00 to $215.00 and gave the company a “strong-buy” rating in a report on Thursday, December 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, March 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Arthur J. Gallagher & Co. from $213.00 to $211.00 and set a “market perform” rating for the company in a research note on Friday, March 17th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.71.

Insider Activity

In other news, CFO Douglas K. Howell sold 2,850 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $180.98, for a total transaction of $515,793.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $16,417,600.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Douglas K. Howell sold 2,850 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $180.98, for a total transaction of $515,793.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $16,417,600.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Patrick Murphy Gallagher sold 5,051 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $189.34, for a total transaction of $956,356.34. Following the completion of the sale, the vice president now directly owns 34,134 shares in the company, valued at approximately $6,462,931.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,783 shares of company stock valued at $5,262,891. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.3 %

Arthur J. Gallagher & Co. stock opened at $186.13 on Tuesday. The firm has a market cap of $39.48 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 1.91 and a beta of 0.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 1.04. Arthur J. Gallagher & Co. has a fifty-two week low of $148.24 and a fifty-two week high of $202.37. The firm has a fifty day moving average price of $189.37 and a two-hundred day moving average price of $187.26.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last released its earnings results on Thursday, January 26th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.04. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Arthur J. Gallagher & Co. had a net margin of 13.08% and a return on equity of 18.64%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 8.71 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 17th. Stockholders of record on Friday, March 3rd were given a dividend of $0.55 per share. The ex-dividend date was Thursday, March 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.51. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 42.31%.

Arthur J. Gallagher & Co. Company Profile

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Arthur J. Gallagher & Co engages in the provision of insurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.