McGlone Suttner Wealth Management Inc. Has $514,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,286 shares of the financial services provider’s stock after purchasing an additional 88 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $514,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AJG. FMR LLC raised its stake in Arthur J. Gallagher & Co. by 8.1% during the third quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock worth $2,202,742,000 after buying an additional 726,485 shares during the last quarter. State Street Corp raised its stake in Arthur J. Gallagher & Co. by 3.0% during the second quarter. State Street Corp now owns 8,940,318 shares of the financial services provider’s stock worth $1,963,026,000 after buying an additional 262,187 shares during the last quarter. Norges Bank bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $1,431,788,000. Morgan Stanley raised its stake in Arthur J. Gallagher & Co. by 0.6% during the third quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock worth $1,415,345,000 after buying an additional 34,999 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Arthur J. Gallagher & Co. by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider’s stock worth $1,139,872,000 after buying an additional 90,842 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG traded up $2.27 during trading on Thursday, reaching $250.06. The company had a trading volume of 960,704 shares, compared to its average volume of 888,885. The company has a fifty day moving average of $242.65 and a two-hundred day moving average of $237.63. The stock has a market capitalization of $54.59 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $186.88 and a 12 month high of $256.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company earned $1.54 EPS. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.60 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 0.96%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 54.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AJG. TD Cowen started coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 10th. They set a “market perform” rating and a $249.00 target price for the company. Keefe, Bruyette & Woods decreased their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating for the company in a research note on Friday, January 26th. Raymond James downgraded shares of Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, December 12th. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price target for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $280.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $255.77.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, the director now owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock valued at $7,176,180 in the last quarter. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.