Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Callan Family Office LLC

Callan Family Office LLC lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,514 shares of the financial services provider’s stock after acquiring an additional 243 shares during the period. Callan Family Office LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in Arthur J. Gallagher & Co. by 1.3% in the fourth quarter. Schroder Investment Management Group now owns 81,053 shares of the financial services provider’s stock valued at $18,227,000 after buying an additional 1,065 shares during the last quarter. Personal CFO Solutions LLC grew its position in Arthur J. Gallagher & Co. by 7.4% in the 4th quarter. Personal CFO Solutions LLC now owns 1,731 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 120 shares during the last quarter. Ossiam increased its stake in shares of Arthur J. Gallagher & Co. by 12.9% in the fourth quarter. Ossiam now owns 4,623 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 530 shares during the period. Evercore Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 1.2% during the fourth quarter. Evercore Wealth Management LLC now owns 5,566 shares of the financial services provider’s stock valued at $1,252,000 after buying an additional 67 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Arthur J. Gallagher & Co. by 36.5% during the fourth quarter. Sei Investments Co. now owns 174,266 shares of the financial services provider’s stock worth $39,185,000 after buying an additional 46,628 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Barclays started coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Piper Sandler boosted their target price on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, TD Cowen lifted their price target on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $283.36.

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

In related news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares of the company’s stock, valued at $93,121,853.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the sale, the president now owns 33,267 shares of the company’s stock, valued at approximately $9,853,685.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,145 shares of company stock worth $12,622,660 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $286.90 on Tuesday. The company’s fifty day moving average is $287.51 and its two-hundred day moving average is $265.00. The company has a market cap of $62.69 billion, a P/E ratio of 58.08, a price-to-earnings-growth ratio of 2.37 and a beta of 0.72. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. 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. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. The firm 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%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. Equities analysts expect that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.84%. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Arthur J. Gallagher & Co. 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.