Kestra Private Wealth Services LLC Boosts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Kestra Private Wealth Services LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 84.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,927 shares of the financial services provider’s stock after purchasing an additional 2,251 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,108,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Beaird Harris Wealth Management LLC raised its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. boosted its stake in Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter valued at approximately $45,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $238.62 on Friday. The stock has a market capitalization of $52.09 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average price is $243.83 and its 200-day moving average price is $239.00.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the business earned $3.03 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts expect that Arthur J. Gallagher & Co. will post 10.08 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Piper Sandler cut their price objective on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Keefe, Bruyette & Woods decreased their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. Royal Bank of Canada increased their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $255.31.

Insider Activity

In related news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock worth $7,176,180 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.