United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $52.55 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 16.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,221 shares of the financial services provider’s stock after selling 29,319 shares during the period. Arthur J. Gallagher & Co. comprises 2.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 17th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Arthur J. Gallagher & Co. worth $52,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CWA Asset Management Group LLC raised its position in Arthur J. Gallagher & Co. by 22.5% in the 1st quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 207 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $382,000. Golden State Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 2,750.0% in the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock valued at $39,000 after buying an additional 110 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Arthur J. Gallagher & Co. by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,280 shares of the financial services provider’s stock worth $3,879,000 after buying an additional 82 shares in the last quarter. Finally, Seven Grand Managers LLC bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $7,096,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on shares of Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays dropped their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Keefe, Bruyette & Woods upped their price objective on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a “market perform” rating in a report on Wednesday, July 9th. Jefferies Financial Group lowered their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $371.00 to $373.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $329.75.

Insider Buying and Selling

In other news, insider Susan E. Pietrucha sold 13,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the transaction, the insider owned 11,941 shares in the company, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $337.17, for a total value of $3,540,285.00. Following the completion of the transaction, the vice president owned 91,175 shares of the company’s stock, valued at $30,741,474.75. This represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $8,528,080. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 1.1%

NYSE:AJG opened at $284.06 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56. Arthur J. Gallagher & Co. has a 1-year low of $274.25 and a 1-year high of $351.23. The firm has a market capitalization of $72.75 billion, a price-to-earnings ratio of 40.35 and a beta of 0.68. The business’s 50-day moving average price is $318.00 and its two-hundred day moving average price is $322.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results 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 14.04%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.

Arthur J. Gallagher & Co. 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.