United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Position in Arthur J. Gallagher & Co. (NYSE:AJG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,540 shares of the financial services provider’s stock after acquiring an additional 35,782 shares during the period. Arthur J. Gallagher & Co. comprises 2.0% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment 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 approximately 0.07% of Arthur J. Gallagher & Co. worth $51,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AJG. Cerity Partners LLC boosted its position in Arthur J. Gallagher & Co. by 58.2% in the 3rd quarter. Cerity Partners LLC now owns 21,388 shares of the financial services provider’s stock valued at $6,018,000 after buying an additional 7,867 shares during the period. Kingsview Wealth Management LLC purchased a new position in Arthur J. Gallagher & Co. in the third quarter valued at $243,000. Independent Advisor Alliance grew its stake in Arthur J. Gallagher & Co. by 43.8% during the 3rd quarter. Independent Advisor Alliance now owns 3,577 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 1,089 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $2,394,000. Finally, FMR LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after buying an additional 580,134 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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

In other news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

AJG has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a report on Friday, March 21st. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research report on Tuesday. They issued a “neutral” rating and a $352.00 target price for the company. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Stock Down 0.0 %

Arthur J. Gallagher & Co. stock opened at $337.55 on Wednesday. The firm has a market capitalization of $85.97 billion, a price-to-earnings ratio of 51.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. The stock’s fifty day moving average is $318.98 and its two-hundred day moving average is $300.11.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 39.88%.

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.