OneAscent Financial Services LLC Has $697,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

OneAscent Financial Services LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 22.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,787 shares of the financial services provider’s stock after purchasing an additional 511 shares during the quarter. OneAscent Financial Services LLC’s holdings in Arthur J. Gallagher & Co. were worth $697,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. OneAscent Wealth Management LLC boosted its stake in Arthur J. Gallagher & Co. by 9.4% in the first quarter. OneAscent Wealth Management LLC now owns 1,380 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 119 shares in the last quarter. ERn Financial LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 1.9% during the first quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 47 shares during the period. Aspiriant LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $212,000. Brookstone Capital Management lifted its stake in shares of Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after acquiring an additional 5,308 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $49,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of several research reports. TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $240.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Wednesday. Truist Financial reiterated a “hold” rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $274.00 to $282.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $263.00.

Get Our Latest Stock Analysis on AJG

Arthur J. Gallagher & Co. Stock Down 0.3 %

NYSE:AJG opened at $259.31 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $56.66 billion, a PE ratio of 52.49, a PEG ratio of 2.33 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52-week low of $210.86 and a 52-week high of $266.39. The stock has a 50-day simple moving average of $251.09 and a 200 day simple moving average of $242.55.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the firm posted $3.03 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.08 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.93%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 16,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the transaction, the chief financial officer now directly owns 80,952 shares of the company’s stock, valued at $20,109,286.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Richard C. Cary sold 3,395 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $254.00, for a total value of $862,330.00. Following the completion of the sale, the chief accounting officer now directly owns 38,314 shares of the company’s stock, valued at $9,731,756. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas K. Howell sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $248.41, for a total value of $3,974,560.00. Following the completion of the sale, the chief financial officer now directly owns 80,952 shares of the company’s stock, valued at $20,109,286.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,165 shares of company stock valued at $13,629,049. Insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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