Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,346 shares of the financial services provider’s stock after acquiring an additional 56 shares during the quarter. Arthur J. Gallagher & Co. makes up about 1.3% of Trueblood Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Trueblood Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AJG. Brookstone Capital Management lifted its stake in Arthur J. Gallagher & Co. by 70.4% in the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after acquiring an additional 5,308 shares during the last quarter. OneAscent Financial Services LLC lifted its stake in Arthur J. Gallagher & Co. by 22.5% in the first quarter. OneAscent Financial Services LLC now owns 2,787 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 511 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 45.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 9,529 shares of the financial services provider’s stock worth $2,383,000 after buying an additional 2,985 shares during the last quarter. Vicus Capital purchased a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $204,000. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $7,261,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AJG shares. Barclays assumed 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 objective for the company. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group upped their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Bank Of America (Bofa) boosted their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada boosted 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 research note on Friday, September 20th. Three investment 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, the company currently has a consensus rating of “Hold” and an average target price of $287.00.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $282.97 on Friday. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week 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. The firm’s 50-day simple moving average is $289.26 and its 200 day simple moving average is $268.89. The firm has a market capitalization of $61.83 billion, a PE ratio of 57.28, a P/E/G ratio of 2.53 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the previous year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Insider Buying and Selling

In related news, President Thomas Joseph Gallagher sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now directly owns 329,099 shares in the company, valued at $93,121,853.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,145 shares of company stock worth $12,622,660 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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.