4,490 Arthur J. Gallagher & Co. $AJG Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,392 shares of the financial services provider’s stock after acquiring an additional 4,490 shares during the period. Sigma Investment Counselors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $7,161,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Arthur J. Gallagher & Co. by 14.4% during the first quarter. Principal Financial Group Inc. now owns 3,242,088 shares of the financial services provider’s stock worth $702,182,000 after purchasing an additional 409,145 shares during the last quarter. Gtcr LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $514,112,000. Janus Henderson Group PLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 5.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,970,990 shares of the financial services provider’s stock valued at $426,887,000 after purchasing an additional 101,431 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Arthur J. Gallagher & Co. by 23.0% during the 1st quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider’s stock valued at $401,645,000 after buying an additional 346,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 0.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,453,774 shares of the financial services provider’s stock worth $333,743,000 after buying an additional 3,905 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AJG has been the topic of several research reports. Barclays increased their target price on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler reiterated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, September 24th. Seaport Research Partners raised Arthur J. Gallagher & Co. to a “buy” rating in a research report on Wednesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, October 9th. Finally, Oppenheimer began coverage on Arthur J. Gallagher & Co. in a report on Wednesday, October 7th. They issued a “market perform” rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.74.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher Mead sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total value of $899,570.00. Following the completion of the transaction, the vice president owned 22,223 shares in the company, valued at $5,711,755.46. This represents a 13.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Richard Cary sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total transaction of $252,860.00. Following the completion of the sale, the chief accounting officer directly owned 46,819 shares of the company’s stock, valued at $11,838,652.34. This trade represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,500 shares of company stock valued at $7,562,950. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $259.26 on Wednesday. The business’s 50-day moving average is $247.63 and its two-hundred day moving average is $232.50. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $279.00.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the company earned $2.33 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 13.16 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, December 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $2.80 annualized dividend and a yield of 1.1%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.