Integrated Wealth Concepts LLC Buys 83 Shares of Arthur J. Gallagher & Co. $AJG

Integrated Wealth Concepts LLC boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,895 shares of the financial services provider’s stock after buying an additional 83 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Arthur J. Gallagher & Co. were worth $654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Checchi Capital Advisers LLC raised its position in Arthur J. Gallagher & Co. by 1.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider’s stock valued at $1,001,000 after purchasing an additional 31 shares in the last quarter. Menard Financial Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.8% in the first quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 32 shares in the last quarter. Allen Capital Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 2.1% in the first quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 33 shares in the last quarter. City Holding Co. raised its holdings in shares of Arthur J. Gallagher & Co. by 3.1% in the first quarter. City Holding Co. now owns 1,140 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 34.3% in the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AJG. The Goldman Sachs Group began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $344.00 price objective for the company. Piper Sandler boosted their price target on Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Barclays reduced their price target on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. UBS Group reduced their target price on shares of Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Finally, Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $371.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $333.13.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 3,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $299.78, for a total value of $899,340.00. Following the transaction, the chief financial officer directly owned 114,777 shares of the company’s stock, valued at approximately $34,407,849.06. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 12,855 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the transaction, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. This represents a 13.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $297.27 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 52-week low of $274.25 and a 52-week high of $351.23. The company has a market cap of $76.22 billion, a P/E ratio of 42.23 and a beta of 0.72. The firm’s 50-day moving average price is $300.81 and its 200-day moving average price is $319.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS 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 19th. Investors of record on Friday, September 5th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 36.93%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.