Focus Partners Wealth Has $9.56 Million Position in Arthur J. Gallagher & Co. $AJG

Key Points

• Focus Partners Wealth reduced its stake in Arthur J. Gallagher & Co. by 24%, selling 8,736 shares, with the remaining holdings valued at approximately $9.56 million as of the latest filing.
• Arthur J. Gallagher recently reported a quarterly EPS of $2.33, missing expectations by $0.03, and achieved a revenue of $3.18 billion, which is a 16% increase year-over-year.
• The company declared a quarterly dividend of $0.65 per share, with a dividend yield of 0.9%, scheduled for payout on September 19th to shareholders on record as of September 5th.

Focus Partners Wealth reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 24.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,703 shares of the financial services provider's stock after selling 8,736 shares during the period. Focus Partners Wealth's holdings in Arthur J. Gallagher & Co. were worth $9,564,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWA Asset Management Group LLC lifted its holdings in Arthur J. Gallagher & Co. by 22.5% in the first quarter. CWA Asset Management Group LLC now owns 1,125 shares of the financial services provider's stock valued at $388,000 after buying an additional 207 shares during the period. Two Sigma Investments LP acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $382,000. Golden State Wealth Management LLC raised its holdings in Arthur J. Gallagher & Co. by 2,750.0% in the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock worth $39,000 after purchasing an additional 110 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Arthur J. Gallagher & Co. by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,280 shares of the financial services provider's stock worth $3,879,000 after purchasing an additional 82 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Arthur J. Gallagher & Co. in the first quarter worth $58,041,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on AJG. UBS Group cut their target price on shares of Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Citigroup began coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, August 13th. They set a "neutral" rating and a $317.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $371.00 to $373.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Erste Group Bank restated a "hold" rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 23rd. Finally, Piper Sandler raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and an average price target of $333.13.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG traded up $2.10 during mid-day trading on Tuesday, reaching $291.50. 1,175,641 shares of the company were exchanged, compared to its average volume of 1,528,123. The company's 50-day simple moving average is $300.27 and its 200-day simple moving average is $319.27. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $74.74 billion, a P/E ratio of 41.41 and a beta of 0.72. Arthur J. Gallagher & Co. has a twelve month low of $274.25 and a twelve month high of $351.23.

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 for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm earned $2.29 EPS. Arthur J. Gallagher & Co.'s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.65 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.60 annualized dividend and a yield of 0.9%. Arthur J. Gallagher & Co.'s payout ratio is 36.93%.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president owned 85,920 shares in the company, valued at $25,569,792. The trade was a 13.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas K. Howell sold 3,000 shares of the business's stock in a transaction that occurred on 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 owned 114,777 shares of the company's stock, valued at $34,407,849.06. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.