Wealth Enhancement Trust Services Inc. Purchases Shares of 3,474 Arthur J. Gallagher & Co. $AJG

Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,474 shares of the financial services provider’s stock, valued at approximately $899,000.

Several other large investors have also made changes to their positions in the business. Asset Management One Co. Ltd. lifted its position in shares of Arthur J. Gallagher & Co. by 12.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 127,525 shares of the financial services provider’s stock valued at $33,549,000 after acquiring an additional 13,775 shares in the last quarter. Chicago Capital LLC lifted its position in shares of Arthur J. Gallagher & Co. by 1.5% in the fourth quarter. Chicago Capital LLC now owns 11,713 shares of the financial services provider’s stock valued at $3,031,000 after acquiring an additional 175 shares in the last quarter. Welch Group LLC lifted its position in shares of Arthur J. Gallagher & Co. by 1.2% in the fourth quarter. Welch Group LLC now owns 229,225 shares of the financial services provider’s stock valued at $59,321,000 after acquiring an additional 2,711 shares in the last quarter. Fisher Funds Management LTD lifted its position in shares of Arthur J. Gallagher & Co. by 49.7% in the fourth quarter. Fisher Funds Management LTD now owns 137,840 shares of the financial services provider’s stock valued at $35,976,000 after acquiring an additional 45,762 shares in the last quarter. Finally, Iams Wealth Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 17.7% in the fourth quarter. Iams Wealth Management LLC now owns 9,557 shares of the financial services provider’s stock valued at $2,474,000 after acquiring an additional 1,438 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the sale, the vice president directly owned 19,306 shares in the company, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $221.42 on Monday. 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 company has a market capitalization of $56.93 billion, a P/E ratio of 36.00, a P/E/G ratio of 1.10 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $195.00 and a 12 month high of $351.23. The business’s 50-day moving average is $216.32 and its 200 day moving average is $245.16.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its 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. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. On average, equities research 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 company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a $0.70 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.53%.

Analysts Set New Price Targets

Several brokerages have recently commented on AJG. Piper Sandler lowered their price objective on Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Citigroup boosted their price objective on Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Cantor Fitzgerald restated a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, January 30th. Keefe, Bruyette & Woods lowered their price objective on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.94.

Arthur J. Gallagher & Co. 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.