Ferguson Wellman Capital Management Inc. Has $10.16 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Ferguson Wellman Capital Management Inc. decreased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,277 shares of the financial services provider’s stock after selling 3,845 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $10,165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AJG. CYBER HORNET ETFs LLC boosted its stake in Arthur J. Gallagher & Co. by 7.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock valued at $164,000 after buying an additional 46 shares in the last quarter. Allen Capital Group LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 2.5% in the fourth quarter. Allen Capital Group LLC now owns 1,895 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 47 shares during the last quarter. Manhattan West Asset Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the 4th quarter. Manhattan West Asset Management LLC now owns 6,870 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 49 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 6.4% during the 4th quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 49 shares during the last quarter. Finally, REAP Financial Group LLC increased its position in Arthur J. Gallagher & Co. by 13.8% during the 4th quarter. REAP Financial Group LLC now owns 430 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 52 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

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

In other news, CAO Richard C. Cary sold 3,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the sale, the chief accounting officer owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Walter D. Bay sold 12,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $270.08, for a total value of $3,240,960.00. Following the completion of the transaction, the general counsel directly owned 71,292 shares in the company, valued at approximately $19,254,543.36. This represents a 14.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 18,500 shares of company stock worth $4,758,530. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AJG shares. Truist Financial raised their target price on shares of Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Citigroup increased their price target on Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada raised their price objective on Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Cantor Fitzgerald boosted their price objective on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and a consensus target price of $290.28.

Arthur J. Gallagher & Co. Trading Up 2.8%

Shares of NYSE AJG opened at $267.43 on Friday. The firm has a 50 day moving average price of $249.63 and a two-hundred day moving average price of $225.78. The stock has a market cap of $68.54 billion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $313.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. Arthur J. Gallagher & Co.’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.80 annualized dividend and a yield of 1.0%. Arthur J. Gallagher & Co.’s payout ratio is presently 46.43%.

Arthur J. Gallagher & Co. Company Profile

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.