Donor Advised Charitable Giving Inc. Has $8.92 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Donor Advised Charitable Giving Inc. grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 73.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,855 shares of the financial services provider’s stock after purchasing an additional 11,825 shares during the period. Arthur J. Gallagher & Co. comprises approximately 0.2% of Donor Advised Charitable Giving Inc.’s holdings, making the stock its 2nd biggest holding. Donor Advised Charitable Giving Inc.’s holdings in Arthur J. Gallagher & Co. were worth $8,917,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $25,000. AlphaQuest LLC bought a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $33,000. Saudi Central Bank bought a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $34,000. Centennial Bank AR acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC grew its position in Arthur J. Gallagher & Co. by 2,750.0% during the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the transaction, the chief financial officer owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This represents a 7.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $25,569,792. This trade represents a 13.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,855 shares of company stock worth $8,916,928. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AJG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a research note on Friday, September 19th. Barclays cut their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. The Goldman Sachs Group started coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, September 3rd. They set a “buy” rating and a $344.00 price objective on the stock. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Cantor Fitzgerald upgraded shares of Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $328.80.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $310.95 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 1-year low of $275.56 and a 1-year high of $351.23. The stock has a market capitalization of $79.73 billion, a P/E ratio of 44.17 and a beta of 0.73. The business has a 50-day moving average price of $297.60 and a two-hundred day moving average price of $316.74.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business posted $2.29 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.65 per share. The ex-dividend date was Friday, September 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Arthur J. Gallagher & Co.’s payout ratio is presently 36.93%.

Arthur J. Gallagher & Co. Company Profile

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