Arthur J. Gallagher & Co. $AJG Position Boosted by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,359 shares of the financial services provider’s stock after buying an additional 6,139 shares during the quarter. Arthur J. Gallagher & Co. comprises 4.3% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 14th largest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Arthur J. Gallagher & Co. were worth $147,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Apollon Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. by 30.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 9,385 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 2,183 shares in the last quarter. Natural Investments LLC grew its holdings in Arthur J. Gallagher & Co. by 5.6% in the 2nd quarter. Natural Investments LLC now owns 740 shares of the financial services provider’s stock worth $236,000 after buying an additional 39 shares in the last quarter. Conning Inc. grew its holdings in Arthur J. Gallagher & Co. by 3.7% in the 2nd quarter. Conning Inc. now owns 1,427 shares of the financial services provider’s stock worth $457,000 after buying an additional 51 shares in the last quarter. Aberdeen Group plc grew its holdings in Arthur J. Gallagher & Co. by 3.9% in the 2nd quarter. Aberdeen Group plc now owns 139,796 shares of the financial services provider’s stock worth $44,751,000 after buying an additional 5,211 shares in the last quarter. Finally, PDS Planning Inc increased its stake in shares of Arthur J. Gallagher & Co. by 4.5% during the second quarter. PDS Planning Inc now owns 1,090 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 47 shares during the period. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $301.75 on Friday. The business has a 50 day moving average price of $299.11 and a 200 day moving average price of $315.64. Arthur J. Gallagher & Co. has a twelve month low of $275.56 and a twelve month high of $351.23. The company has a market cap of $77.37 billion, a price-to-earnings ratio of 42.86 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share 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 for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company earned $2.29 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts predict 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 announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, September 5th. This represents a $2.60 annualized dividend and a yield of 0.9%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 36.93%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AJG. Weiss Ratings restated a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $352.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Erste Group Bank reissued a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 23rd. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the company a “market perform” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.43.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the completion of the sale, the chief financial officer owned 100,777 shares in the company, valued at $30,186,742.58. This represents a 7.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott R. Hudson sold 12,855 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 29,855 shares of company stock valued at $8,916,928. 1.60% of the stock is owned by corporate insiders.

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.