Baldwin Wealth Partners LLC MA Sells 1,107 Shares of Arthur J. Gallagher & Co. $AJG

Key Points

• Baldwin Wealth Partners LLC MA reduced its stake in Arthur J. Gallagher & Co. by 1.4%, selling 1,107 shares and ending the third quarter with 78,717 shares valued at approximately $25.2 million.
• Several hedge funds, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their positions in Arthur J. Gallagher & Co., indicating strong institutional interest in the stock.
• Arthur J. Gallagher & Co. recently declared a quarterly dividend of $0.65 per share, translating to an annualized yield of 0.9%, with a payout ratio of 36.93%.

Baldwin Wealth Partners LLC MA cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,717 shares of the financial services provider's stock after selling 1,107 shares during the quarter. Arthur J. Gallagher & Co. makes up about 1.7% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 16th biggest holding. Baldwin Wealth Partners LLC MA's holdings in Arthur J. Gallagher & Co. were worth $25,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew 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 worth $10,499,185,000 after buying an additional 739,130 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Arthur J. Gallagher & Co. by 38.3% during the 1st quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider's stock valued at $5,997,767,000 after acquiring an additional 4,815,007 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Arthur J. Gallagher & Co. by 4.9% during the 1st 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 acquiring an additional 137,354 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the 1st quarter. Northern Trust Corp now owns 2,364,759 shares of the financial services provider's stock worth $816,409,000 after purchasing an additional 9,458 shares during the period. Finally, WCM Investment Management LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 0.3% in 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 purchasing an additional 7,594 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AJG has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Arthur J. Gallagher & Co. to a "strong-buy" rating in a research note on Wednesday, August 13th. UBS Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. The Goldman Sachs Group began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They set a "buy" rating and a $344.00 price objective for the company. Finally, Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of "Moderate Buy" and an average price target of $331.43.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 12,855 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president owned 85,920 shares in the company, valued at approximately $25,569,792. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 8,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $299.54, for a total value of $2,396,320.00. Following the completion of the sale, the chief financial officer owned 100,777 shares in the company, valued at approximately $30,186,742.58. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,855 shares of company stock worth $8,916,928 in the last 90 days. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $302.07 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36. The business has a 50-day moving average price of $298.75 and a 200 day moving average price of $316.03. The company has a market capitalization of $77.45 billion, a P/E ratio of 42.91 and a beta of 0.73. Arthur J. Gallagher & Co. has a 1-year low of $275.56 and a 1-year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The business's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 earnings per share. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.65 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.9%. Arthur J. Gallagher & Co.'s payout ratio is currently 36.93%.

Arthur J. Gallagher & Co. Company 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.

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