Tema Etfs LLC Buys Shares of 3,858 Arthur J. Gallagher & Co. $AJG

Tema Etfs LLC purchased a new position in Arthur J. Gallagher & Co. (NYSE:AJG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,858 shares of the financial services provider’s stock, valued at approximately $1,195,000.

Several other institutional investors have also modified their holdings of the business. J.Safra Asset Management Corp raised its holdings in Arthur J. Gallagher & Co. by 209.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock worth $32,000 after buying an additional 69 shares during the period. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Steph & Co. acquired a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $40,000. Central Pacific Bank Trust Division lifted its position in Arthur J. Gallagher & Co. by 40.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 39 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth $45,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $258.11, for a total transaction of $1,032,440.00. Following the completion of the transaction, the vice president owned 17,327 shares in the company, valued at approximately $4,472,271.97. This trade represents a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $258.05, for a total value of $1,290,250.00. Following the completion of the sale, the chief financial officer owned 95,777 shares in the company, valued at $24,715,254.85. This represents a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,100 shares of company stock worth $8,243,865. Corporate insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 3.1%

AJG stock opened at $256.71 on Wednesday. The company has a market cap of $65.92 billion, a price-to-earnings ratio of 38.37 and a beta of 0.67. Arthur J. Gallagher & Co. has a twelve month low of $236.34 and a twelve month high of $351.23. The business has a 50 day moving average price of $253.40 and a two-hundred day moving average price of $281.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the previous year, the company posted $2.26 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.65 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 38.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AJG shares. Wolfe Research set a $289.00 price target on Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a research note on Wednesday, December 17th. UBS Group dropped their target price on Arthur J. Gallagher & Co. from $329.00 to $285.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Citigroup cut their target price on Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Needham & Company LLC set a $272.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Thursday, December 18th. Finally, Evercore ISI lowered their price objective on shares of Arthur J. Gallagher & Co. from $353.00 to $334.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $295.33.

About Arthur J. Gallagher & Co.

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.