Woodley Farra Manion Portfolio Management Inc. increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,604 shares of the financial services provider’s stock after buying an additional 2,318 shares during the quarter. Arthur J. Gallagher & Co. accounts for 1.8% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 24th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $39,492,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of the stock. Xponance LLC grew its holdings in Arthur J. Gallagher & Co. by 6.0% during the fourth quarter. Xponance LLC now owns 40,491 shares of the financial services provider’s stock worth $10,479,000 after buying an additional 2,300 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in Arthur J. Gallagher & Co. by 2.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 22,416 shares of the financial services provider’s stock worth $5,801,000 after buying an additional 603 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Arthur J. Gallagher & Co. by 0.7% during the fourth quarter. IFM Investors Pty Ltd now owns 47,869 shares of the financial services provider’s stock worth $12,388,000 after buying an additional 329 shares in the last quarter. SmartHarvest Portfolios LLC bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $307,000. Finally, Vestor Capital LLC grew its holdings in Arthur J. Gallagher & Co. by 79.9% during the fourth quarter. Vestor Capital LLC now owns 3,679 shares of the financial services provider’s stock worth $952,000 after buying an additional 1,634 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.
Insider Activity at Arthur J. Gallagher & Co.
In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the transaction, the chief accounting officer owned 47,819 shares of the company’s stock, valued at $9,850,714. This represents a 5.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.
Arthur J. Gallagher & Co. Stock Up 0.5%
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the firm earned $3.67 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts forecast that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current year.
Arthur J. Gallagher & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.31%.
Analyst Upgrades and Downgrades
AJG has been the subject of several recent research reports. UBS Group upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $283.00 to $250.00 in a report on Monday. Keefe, Bruyette & Woods reduced their price objective on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a research note on Friday, May 1st. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company reduced their price objective on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $263.71.
Get Our Latest Stock Report on Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Company 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.
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