Fort Washington Investment Advisors Inc. OH Purchases 31,348 Shares of Arthur J. Gallagher & Co. $AJG

Fort Washington Investment Advisors Inc. OH grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,568 shares of the financial services provider’s stock after acquiring an additional 31,348 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Arthur J. Gallagher & Co. were worth $45,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kathmere Capital Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 4.4% in the fourth quarter. Kathmere Capital Management LLC now owns 1,269 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 53 shares in the last quarter. Triangle Securities Wealth Management increased its holdings in Arthur J. Gallagher & Co. by 23.9% in the 4th quarter. Triangle Securities Wealth Management now owns 4,003 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 772 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Arthur J. Gallagher & Co. by 44.9% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 670,103 shares of the financial services provider’s stock valued at $173,416,000 after buying an additional 207,507 shares in the last quarter. Corundum Group Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 43.8% in the 4th quarter. Corundum Group Inc. now owns 978 shares of the financial services provider’s stock valued at $253,000 after buying an additional 298 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 84.8% during the 4th quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 84 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $210.01 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $195.00 and a 1-year high of $351.23. The company has a 50 day moving average of $226.21 and a 200-day moving average of $254.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $53.99 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.06 and a beta of 0.67.

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

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, March 6th. 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%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.53%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AJG. Keefe, Bruyette & Woods lowered their target price on shares of Arthur J. Gallagher & Co. from $279.00 to $249.00 and set a “market perform” rating on the stock in a research note on Friday, January 30th. Wolfe Research set a $289.00 price objective on Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a report on Wednesday, December 17th. Jefferies Financial Group lowered their price objective on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Morgan Stanley set a $300.00 target price on Arthur J. Gallagher & Co. in a research report on Friday, December 19th. Finally, Truist Financial dropped their price objective on Arthur J. Gallagher & Co. from $271.00 to $235.00 and set a “hold” rating for the company in a research note on Wednesday, March 18th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $273.82.

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

In other news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the sale, the vice president directly owned 19,306 shares in the company, valued at approximately $4,384,778.72. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction dated 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 approximately $19,552,814.40. This trade represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by corporate insiders.

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.