Arthur J. Gallagher & Co. $AJG is Donor Advised Charitable Giving Inc.’s 3rd Largest Position

Donor Advised Charitable Giving Inc. decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,290 shares of the financial services provider’s stock after selling 3,565 shares during the quarter. Arthur J. Gallagher & Co. accounts for approximately 0.1% of Donor Advised Charitable Giving Inc.’s portfolio, making the stock its 3rd largest position. Donor Advised Charitable Giving Inc.’s holdings in Arthur J. Gallagher & Co. were worth $6,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AJG. Physician Wealth Advisors Inc. lifted its position in Arthur J. Gallagher & Co. by 870.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after buying an additional 87 shares during the last quarter. Rakuten Securities Inc. lifted its position in Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the last quarter. Financial Life Planners bought a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth approximately $39,000. Central Pacific Bank Trust Division lifted its position in Arthur J. Gallagher & Co. by 40.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock worth $42,000 after buying an additional 39 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in Arthur J. Gallagher & Co. by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $213.25 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23. The stock has a 50 day moving average price of $218.63 and a two-hundred day moving average price of $248.88. The company has a market capitalization of $54.83 billion, a P/E ratio of 34.68, a PEG ratio of 1.09 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The business’s revenue was up 33.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 earnings per share. Analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.70 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.53%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AJG. Barclays boosted their target price on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday. Needham & Company LLC set a $272.00 target price on Arthur J. Gallagher & Co. in a research report on Thursday, December 18th. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.00.

Insider Buying and Selling

In related news, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the completion of the transaction, the vice president owned 85,920 shares in the company, valued at $19,552,814.40. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total value of $908,480.00. Following the transaction, the vice president owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. This represents a 17.16% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. 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.