VestGen Investment Management Has $1.52 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

VestGen Investment Management cut its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,733 shares of the financial services provider’s stock after selling 227 shares during the period. Arthur J. Gallagher & Co. accounts for about 1.1% of VestGen Investment Management’s investment portfolio, making the stock its 20th biggest holding. VestGen Investment Management’s holdings in Arthur J. Gallagher & Co. were worth $1,515,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 18.6% in the first quarter. International Assets Investment Management LLC now owns 1,047 shares of the financial services provider’s stock valued at $361,000 after buying an additional 164 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 11.3% in the first quarter. Moran Wealth Management LLC now owns 790 shares of the financial services provider’s stock valued at $273,000 after buying an additional 80 shares during the last quarter. Spire Wealth Management lifted its position in shares of Arthur J. Gallagher & Co. by 19.8% in the first quarter. Spire Wealth Management now owns 2,844 shares of the financial services provider’s stock valued at $982,000 after buying an additional 470 shares during the last quarter. Golden State Wealth Management LLC lifted its position 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. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $234,000. 85.53% of the stock is owned by institutional investors and hedge funds.

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

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the sale, the chief financial officer owned 100,777 shares in the company, valued at approximately $30,186,742.58. The trade was a 7.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott R. Hudson sold 12,855 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president owned 85,920 shares in the company, valued at $25,569,792. This trade represents a 13.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,855 shares of company stock worth $8,916,928. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of recent analyst reports. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a research note on Friday, September 19th. Barclays lowered their target price on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, UBS Group increased their target price on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $331.43.

Arthur J. Gallagher & Co. Trading Down 0.5%

Shares of AJG opened at $281.01 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $275.56 and a 52-week high of $351.23. The business’s fifty day moving average is $298.41 and its 200-day moving average is $312.53. 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 $72.05 billion, a price-to-earnings ratio of 39.92 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) 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.