Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Raised by Obermeyer Wealth Partners

Obermeyer Wealth Partners grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,803 shares of the financial services provider’s stock after buying an additional 66 shares during the quarter. Obermeyer Wealth Partners’ holdings in Arthur J. Gallagher & Co. were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AJG. Running Oak Capital LLC raised its holdings in Arthur J. Gallagher & Co. by 8.9% during the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock worth $13,830,000 after purchasing an additional 3,983 shares in the last quarter. Campbell Newman Asset Management Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 13.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider’s stock worth $40,069,000 after buying an additional 17,196 shares in the last quarter. Red Spruce Capital LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth $298,000. Hartford Investment Management Co. raised its stake in shares of Arthur J. Gallagher & Co. by 11.1% in the 4th quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider’s stock worth $4,381,000 after buying an additional 1,537 shares in the last quarter. Finally, Iams Wealth Management LLC raised its position in Arthur J. Gallagher & Co. by 65.0% in the fourth quarter. Iams Wealth Management LLC now owns 7,962 shares of the financial services provider’s stock worth $2,260,000 after acquiring an additional 3,138 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Up 0.5%

Arthur J. Gallagher & Co. stock opened at $332.96 on Wednesday. The firm has a market cap of $85.27 billion, a PE ratio of 51.07 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s 50 day moving average price is $330.03 and its two-hundred day moving average price is $310.78. Arthur J. Gallagher & Co. has a twelve month low of $244.60 and a twelve month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the company posted $3.45 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.78%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 37.63%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AJG. Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Truist Financial upped their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price target on the stock. Barclays boosted their target price on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a “market perform” rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $315.33.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 7,510 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

About Arthur J. Gallagher & Co.

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.