Brasada Capital Management LP Has $3.04 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Brasada Capital Management LP boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,270 shares of the financial services provider’s stock after buying an additional 376 shares during the period. Brasada Capital Management LP’s holdings in Arthur J. Gallagher & Co. were worth $3,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after buying an additional 52 shares during the period. Richardson Financial Services Inc. acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at $27,000. Transcendent Capital Group LLC acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at $31,000. Finally, Security National Bank bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total value of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total value of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 8,710 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,654,772.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,348 shares of company stock valued at $13,342,910. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.1 %

Shares of Arthur J. Gallagher & Co. stock opened at $298.66 on Wednesday. The stock has a fifty day simple moving average of $281.37 and a 200 day simple moving average of $260.29. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $300.66. The company has a market capitalization of $65.44 billion, a P/E ratio of 60.46, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.40 annualized dividend and a yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AJG. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler upped their target price on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, Barclays assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $276.82.

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.