United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases Shares of 83,331 Arthur J. Gallagher & Co. (NYSE:AJG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 83,331 shares of the financial services provider’s stock, valued at approximately $18,739,000.

A number of other hedge funds also recently modified their holdings of the stock. Oakworth Capital Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 8.0% during the 4th quarter. Oakworth Capital Inc. now owns 2,160 shares of the financial services provider’s stock worth $486,000 after buying an additional 160 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $585,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Arthur J. Gallagher & Co. by 0.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,980 shares of the financial services provider’s stock worth $8,316,000 after buying an additional 120 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of Arthur J. Gallagher & Co. by 12.9% during the 4th quarter. Flputnam Investment Management Co. now owns 20,869 shares of the financial services provider’s stock worth $4,693,000 after buying an additional 2,378 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Arthur J. Gallagher & Co. by 16.1% during the 4th quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock worth $25,206,000 after buying an additional 15,528 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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

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

Arthur J. Gallagher & Co. Stock Down 0.4 %

Shares of NYSE AJG traded down $0.91 during trading on Wednesday, hitting $230.52. The stock had a trading volume of 735,836 shares, compared to its average volume of 869,194. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $50.32 billion, a PE ratio of 52.02, a PEG ratio of 2.18 and a beta of 0.68. The firm has a fifty day moving average of $244.60 and a two-hundred day moving average of $238.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business posted $1.54 EPS. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.60 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial reaffirmed a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods lowered their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. TD Cowen raised their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $255.23.

About Arthur J. Gallagher & Co.

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.