United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 29,319 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Key Points

• United Super Pty Ltd has decreased its position in Arthur J. Gallagher & Co. by 16.2%, holding 152,221 shares worth approximately $52.55 million, making it the 17th largest position in their portfolio.
• Recent analyst reports show mixed ratings for AJG, with one sell rating, seven holds, and five buys, while the consensus price target is $329.75.
• Arthur J. Gallagher & Co. announced a quarterly dividend of $0.65 per share, with a yield of 0.9% and a payout ratio of 37.63%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund cut its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 16.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,221 shares of the financial services provider's stock after selling 29,319 shares during the period. Arthur J. Gallagher & Co. comprises approximately 2.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings, making the stock its 17th largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.06% of Arthur J. Gallagher & Co. worth $52,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $25,000. New Age Alpha Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. Centennial Bank AR acquired a new stake in Arthur J. Gallagher & Co. in the first quarter valued at approximately $38,000. Motco lifted its stake in Arthur J. Gallagher & Co. by 700.0% in the first quarter. Motco now owns 112 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 98 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its stake in Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 76 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Erste Group Bank reiterated a "hold" rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 23rd. Piper Sandler lifted 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 note on Friday. Barclays reduced their target price on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Jefferies Financial Group decreased their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $329.75.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded down $3.19 during trading hours on Friday, hitting $284.06. 2,787,751 shares of the company traded hands, compared to its average volume of 1,457,424. The stock has a market capitalization of $72.75 billion, a price-to-earnings ratio of 40.35 and a beta of 0.68. Arthur J. Gallagher & Co. has a twelve month low of $274.25 and a twelve month high of $351.23. The firm has a 50-day moving average of $318.00 and a 200 day moving average of $322.86. The company has a current ratio of 1.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.52.

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

Arthur J. Gallagher & Co. Dividend Announcement

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

Insider Buying and Selling 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 on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the sale, the insider owned 11,941 shares of the company's stock, valued at $4,109,256.33. The trade was a 53.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David S. Johnson sold 1,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the sale, the director directly 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 in the last 90 days. 1.30% of the stock is currently owned by company 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.