Chicago Partners Investment Group LLC Grows Stock Holdings in Arthur J. Gallagher & Co. $AJG

Key Points

• Chicago Partners Investment Group LLC increased its stake in Arthur J. Gallagher & Co. by 87.7% during the second quarter, now holding 20,846 shares valued at approximately $6.48 million.
• Recent insider transactions revealed that VP Scott R. Hudson sold 12,855 shares for about $3.83 million, indicating a 13.01% decrease in his ownership.
• Shares of Arthur J. Gallagher & Co. saw a slight increase of 0.2%, with the stock currently trading around $280.70 and a market cap of $71.97 billion.

Chicago Partners Investment Group LLC increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 87.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,846 shares of the financial services provider's stock after buying an additional 9,739 shares during the period. Chicago Partners Investment Group LLC's holdings in Arthur J. Gallagher & Co. were worth $6,479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. HWG Holdings LP bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $25,000. J.Safra Asset Management Corp grew its position in Arthur J. Gallagher & Co. by 209.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 69 shares during the last quarter. AlphaQuest LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter worth about $33,000. Saudi Central Bank bought a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $34,000. Finally, Centennial Bank AR purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Transactions at Arthur J. Gallagher & Co.

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

Arthur J. Gallagher & Co. Stock Up 0.2%

Shares of AJG stock opened at $280.70 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 12 month low of $275.56 and a 12 month high of $351.23. The stock has a market cap of $71.97 billion, a P/E ratio of 39.87 and a beta of 0.73. The company has a 50 day simple moving average of $299.55 and a two-hundred day simple moving average of $313.86.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $2.29 EPS. The company's revenue was up 16.0% on a year-over-year basis. On average, research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 36.93%.

Analyst Upgrades and Downgrades

AJG has been the topic of several analyst reports. UBS Group upped their price objective on 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. Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the company an "overweight" rating in a report on Wednesday, October 8th. The Goldman Sachs Group began coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, September 3rd. They set a "buy" rating and a $344.00 price objective on the stock. Piper Sandler lowered their target price on shares of Arthur J. Gallagher & Co. from $352.00 to $340.00 and set an "overweight" rating on the stock in a research note on Thursday, October 2nd. Finally, Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.43.

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.

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