Vanguard Personalized Indexing Management LLC Acquires 1,451 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Vanguard Personalized Indexing Management LLC grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,467 shares of the financial services provider’s stock after buying an additional 1,451 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $4,786,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC boosted its position in Arthur J. Gallagher & Co. by 1.0% during the second quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 39 shares during the period. Trueblood Wealth Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 0.4% during the 2nd quarter. Trueblood Wealth Management LLC now owns 9,290 shares of the financial services provider’s stock worth $2,409,000 after buying an additional 40 shares during the period. J.W. Cole Advisors Inc. grew its stake in Arthur J. Gallagher & Co. by 4.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after buying an additional 44 shares during the last quarter. ERn Financial LLC raised its holdings in Arthur J. Gallagher & Co. by 1.9% in the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 47 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 0.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock worth $1,642,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, President Michael Robert Pesch sold 7,100 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the completion of the transaction, the president now directly owns 33,267 shares of the company’s stock, valued at approximately $9,853,685.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Michael Robert Pesch sold 7,100 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the completion of the sale, the president now directly owns 33,267 shares of the company’s stock, valued at approximately $9,853,685.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Walter D. Bay sold 6,335 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the transaction, the general counsel now directly owns 30,053 shares in the company, valued at approximately $8,536,855.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,145 shares of company stock valued at $10,629,900. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AJG shares. Jefferies Financial Group lifted their price objective on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research note on Friday, July 26th. Piper Sandler upped their price target on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, TD Cowen raised their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $277.56.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $291.18 on Thursday. The firm has a market capitalization of $63.62 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The firm has a 50-day moving average price of $285.14 and a 200 day moving average price of $262.35.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.24 by $0.02. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.60 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Arthur J. Gallagher & Co. Company Profile

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.