Brown Miller Wealth Management LLC Has $418,000 Stock Holdings in Arthur J. Gallagher & Co. $AJG

Brown Miller Wealth Management LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 16.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,307 shares of the financial services provider’s stock after purchasing an additional 184 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $418,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Arthur J. Gallagher & Co. by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 30,411,264 shares of the financial services provider’s stock worth $10,499,185,000 after acquiring an additional 739,130 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Arthur J. Gallagher & Co. by 38.3% during the 1st quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider’s stock worth $5,997,767,000 after purchasing an additional 4,815,007 shares during the last quarter. Wellington Management Group LLP boosted its stake in Arthur J. Gallagher & Co. by 4.9% during the 1st quarter. Wellington Management Group LLP now owns 2,959,673 shares of the financial services provider’s stock valued at $1,021,798,000 after purchasing an additional 137,354 shares during the period. Northern Trust Corp grew its holdings in Arthur J. Gallagher & Co. by 0.4% in the 1st quarter. Northern Trust Corp now owns 2,364,759 shares of the financial services provider’s stock valued at $816,409,000 after buying an additional 9,458 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in Arthur J. Gallagher & Co. by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,336,591 shares of the financial services provider’s stock worth $796,217,000 after buying an additional 7,594 shares during the period. 85.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Arthur J. Gallagher & Co. from $352.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Arthur J. Gallagher & Co. from $369.00 to $365.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. UBS Group upped their price objective on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. The Goldman Sachs Group assumed coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, September 3rd. They set a “buy” rating and a $344.00 target price on the stock. Finally, Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $328.80.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $310.95 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $275.56 and a twelve month high of $351.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $79.73 billion, a P/E ratio of 44.17 and a beta of 0.73. The firm’s 50-day simple moving average is $297.60 and its 200-day simple moving average is $316.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

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