Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 79.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,020 shares of the financial services provider's stock after purchasing an additional 2,225 shares during the period. OneAscent Financial Services LLC's holdings in Arthur J. Gallagher & Co. were worth $1,728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 19.7% in the 4th quarter. Proficio Capital Partners LLC now owns 948 shares of the financial services provider's stock valued at $269,000 after purchasing an additional 156 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at $493,000. Harbour Investments Inc. grew its holdings in Arthur J. Gallagher & Co. by 5.6% in the fourth quarter. Harbour Investments Inc. now owns 935 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 50 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Arthur J. Gallagher & Co. by 546.9% in the fourth quarter. Teacher Retirement System of Texas now owns 54,389 shares of the financial services provider's stock valued at $15,438,000 after purchasing an additional 45,981 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in Arthur J. Gallagher & Co. by 0.4% in the fourth quarter. Whittier Trust Co. now owns 11,665 shares of the financial services provider's stock valued at $3,311,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays lowered their target price on 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. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 target price on the stock. Wells Fargo & Company cut their price objective on Arthur J. Gallagher & Co. from $372.00 to $371.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Finally, Jefferies Financial Group lowered their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $318.21.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 13,500 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $344.13, for a total value of $4,645,755.00. Following the transaction, the insider owned 11,941 shares in the company, valued at $4,109,256.33. The trade was a 53.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $342.04, for a total value of $342,040.00. Following the completion of the transaction, the director owned 45,323 shares in the company, valued at $15,502,278.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $8,528,080 over the last three months. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $313.05 on Friday. The stock's fifty day moving average is $325.18 and its two-hundred day moving average is $321.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $80.17 billion, a price-to-earnings ratio of 45.30 and a beta of 0.71. Arthur J. Gallagher & Co. has a 1 year low of $267.00 and a 1 year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 14.83% and a net margin of 14.39%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the business earned $3.45 EPS. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, June 6th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 37.63%.

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.

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