Arthur J. Gallagher & Co. $AJG Shares Purchased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Arthur J. Gallagher & Co. by 174.8%, owning a total of 18,529 shares valued at approximately $5.93 million as of its latest filing.
• Arthur J. Gallagher & Co. has reported a quarterly earnings miss with an EPS of $2.33, falling short of the consensus estimate of $2.36.
• The company announced a quarterly dividend of $0.65 per share, translating to an annualized rate of $2.60 and a yield of 0.9%.

U.S. Capital Wealth Advisors LLC raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 174.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,529 shares of the financial services provider's stock after purchasing an additional 11,787 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Arthur J. Gallagher & Co. by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 30,411,264 shares of the financial services provider's stock valued at $10,499,185,000 after purchasing an additional 739,130 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Arthur J. Gallagher & Co. by 38.3% during the first quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider's stock worth $5,997,767,000 after purchasing an additional 4,815,007 shares in the last quarter. Wellington Management Group LLP increased its holdings in Arthur J. Gallagher & Co. by 4.9% in the first quarter. Wellington Management Group LLP now owns 2,959,673 shares of the financial services provider's stock valued at $1,021,798,000 after buying an additional 137,354 shares during the last quarter. Northern Trust Corp raised its stake in Arthur J. Gallagher & Co. by 0.4% in the first quarter. Northern Trust Corp now owns 2,364,759 shares of the financial services provider's stock valued at $816,409,000 after buying an additional 9,458 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in Arthur J. Gallagher & Co. by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,336,591 shares of the financial services provider's stock worth $796,217,000 after buying an additional 7,594 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 0.1%

Shares of NYSE AJG opened at $300.07 on Tuesday. The stock has a market capitalization of $76.94 billion, a price-to-earnings ratio of 42.62 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52 week low of $275.56 and a 52 week high of $351.23. The firm has a 50-day moving average price of $298.50 and a 200 day moving average price of $317.85. 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. (NYSE:AJG - Get Free Report) last issued its 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). The company had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share. Equities research 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 was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, September 5th. Arthur J. Gallagher & Co.'s payout ratio is presently 36.93%.

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

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 3,000 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $299.78, for a total transaction of $899,340.00. Following the completion of the transaction, the chief financial officer directly owned 114,777 shares in the company, valued at approximately $34,407,849.06. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 12,855 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at $25,569,792. This trade represents a 13.01% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Piper Sandler boosted their price target on shares of Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Citigroup began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $317.00 price objective for the company. UBS Group lifted their target price on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $330.93.

Arthur J. Gallagher & Co. Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.