Diversified Trust Co Boosts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Diversified Trust Co boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,131 shares of the financial services provider’s stock after acquiring an additional 55 shares during the period. Diversified Trust Co’s holdings in Arthur J. Gallagher & Co. were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth $27,000. Richardson Financial Services Inc. purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $27,000. Transcendent Capital Group LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $31,000. Security National Bank purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $33,000. Finally, DSM Capital Partners LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG traded up $2.19 during trading on Wednesday, hitting $283.40. The company had a trading volume of 13,610 shares, compared to its average volume of 843,046. Arthur J. Gallagher & Co. has a fifty-two week low of $215.37 and a fifty-two week high of $290.31. The firm has a market capitalization of $61.92 billion, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 2.41 and a beta of 0.72. The company has a quick ratio of 1.05, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $268.54 and a two-hundred day simple moving average of $252.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the business posted $1.90 EPS. Arthur J. Gallagher & Co.’s revenue was up 14.3% on a year-over-year basis. On average, research analysts expect that Arthur J. Gallagher & Co. will post 10.15 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, General Counsel Walter D. Bay sold 800 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $257.24, for a total value of $205,792.00. Following the transaction, the general counsel now directly owns 44,691 shares of the company’s stock, valued at approximately $11,496,312.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares in the company, valued at $93,121,853.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Walter D. Bay sold 800 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $257.24, for a total transaction of $205,792.00. Following the transaction, the general counsel now owns 44,691 shares of the company’s stock, valued at $11,496,312.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,210 shares of company stock valued at $18,181,369. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a report on Friday, July 26th. Bank of America raised their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a report on Wednesday, May 22nd. BMO Capital Markets raised their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler raised their target price on shares of Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Truist Financial raised their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $275.38.

About Arthur J. Gallagher & Co.

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.