Capital Group Private Client Services Inc. Has $14.25 Million Holdings in Arthur J. Gallagher & Co. $AJG

Capital Group Private Client Services Inc. decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 76.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,016 shares of the financial services provider’s stock after selling 152,468 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $14,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AJG. Savant Capital LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 5.0% during the 2nd quarter. Savant Capital LLC now owns 9,468 shares of the financial services provider’s stock worth $3,031,000 after buying an additional 454 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 5.1% in the second quarter. Wedbush Securities Inc. now owns 4,580 shares of the financial services provider’s stock valued at $1,466,000 after acquiring an additional 223 shares during the last quarter. AE Wealth Management LLC raised its holdings in Arthur J. Gallagher & Co. by 0.8% during the second quarter. AE Wealth Management LLC now owns 6,910 shares of the financial services provider’s stock worth $2,212,000 after acquiring an additional 58 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Arthur J. Gallagher & Co. by 6.5% during the second quarter. Parkside Financial Bank & Trust now owns 570 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 35 shares during the last quarter. Finally, Midwest Trust Co acquired a new position in Arthur J. Gallagher & Co. during the second quarter valued at approximately $941,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on AJG. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $311.00 to $298.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Wolfe Research set a $289.00 price target on shares of Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Truist Financial set a $271.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 30th. Evercore lowered their price objective on shares of Arthur J. Gallagher & Co. from $353.00 to $334.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Finally, Barclays cut their target price on shares of Arthur J. Gallagher & Co. from $250.00 to $247.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $281.76.

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

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the transaction, the vice president owned 85,920 shares in the company, valued at $19,552,814.40. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total value of $908,480.00. Following the sale, the vice president owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,650 shares of company stock valued at $8,137,686 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 4.5%

AJG opened at $217.87 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $238.98 and a 200-day moving average of $262.54. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23. The company has a market capitalization of $56.02 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.11 and a beta of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the firm earned $1.12 earnings per share. Arthur J. Gallagher & Co.’s revenue for the quarter was up 33.9% compared to the same quarter last year. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.70 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. Arthur J. Gallagher & Co.’s payout ratio is 45.53%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.