SVB Wealth LLC Trims Position in Arthur J. Gallagher & Co. $AJG

SVB Wealth LLC lessened its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 57.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,284 shares of the financial services provider’s stock after selling 7,095 shares during the quarter. SVB Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,368,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Pure Financial Advisors LLC raised its position in Arthur J. Gallagher & Co. by 6.4% in the fourth quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 49 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in Arthur J. Gallagher & Co. by 12.3% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 12,871 shares of the financial services provider’s stock valued at $3,331,000 after purchasing an additional 1,414 shares during the period. ASR Vermogensbeheer N.V. raised its position in Arthur J. Gallagher & Co. by 17.4% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 145,001 shares of the financial services provider’s stock valued at $37,525,000 after purchasing an additional 21,448 shares during the period. MGO One Seven LLC raised its position in Arthur J. Gallagher & Co. by 33.6% in the fourth quarter. MGO One Seven LLC now owns 4,708 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 1,183 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in Arthur J. Gallagher & Co. by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 132,594 shares of the financial services provider’s stock valued at $34,314,000 after purchasing an additional 4,933 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.1%

NYSE:AJG opened at $198.62 on Tuesday. The company has a market capitalization of $51.03 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.54. Arthur J. Gallagher & Co. has a one year low of $194.15 and a one year high of $351.23. The stock has a 50-day simple moving average of $215.48 and a 200 day simple moving average of $236.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the firm earned $3.67 earnings per share. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 13.18 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.31%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president directly owned 85,920 shares in the company, valued at $19,552,814.40. The trade was a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AJG has been the topic of several research reports. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $278.00 in a research note on Tuesday, March 24th. Truist Financial lowered their target price on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada started coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 17th. They set an “outperform” rating and a $260.00 target price for the company. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.00.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.