Arthur J. Gallagher & Co. $AJG Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 19.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 116,985 shares of the financial services provider’s stock after selling 29,120 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Arthur J. Gallagher & Co. were worth $30,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Arthur J. Gallagher & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,390,446 shares of the financial services provider’s stock worth $8,123,534,000 after acquiring an additional 217,136 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Arthur J. Gallagher & Co. by 19.6% in the third quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider’s stock valued at $6,299,674,000 after purchasing an additional 3,330,205 shares during the period. Capital World Investors increased its stake in shares of Arthur J. Gallagher & Co. by 0.9% in the third quarter. Capital World Investors now owns 11,783,119 shares of the financial services provider’s stock valued at $3,649,477,000 after purchasing an additional 101,298 shares during the period. State Street Corp increased its stake in shares of Arthur J. Gallagher & Co. by 1.4% in the third quarter. State Street Corp now owns 10,891,080 shares of the financial services provider’s stock valued at $3,373,403,000 after purchasing an additional 147,587 shares during the period. Finally, Capital International Investors increased its stake in shares of Arthur J. Gallagher & Co. by 0.6% in the third quarter. Capital International Investors now owns 7,194,743 shares of the financial services provider’s stock valued at $2,228,156,000 after purchasing an additional 45,256 shares during the period. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president directly owned 19,306 shares in the company, valued at approximately $4,384,778.72. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the completion of the transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at $19,552,814.40. This represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.1%

Shares of NYSE:AJG opened at $202.61 on Friday. The stock has a market capitalization of $52.05 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.03 and a beta of 0.54. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $351.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $211.27 and a 200 day moving average price of $231.15.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the firm posted $3.67 earnings per share. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 13.26 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a dividend of $0.70 per share. 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 presently 45.31%.

Wall Street Analysts Forecast Growth

AJG has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Piper Sandler decreased their price objective on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, May 1st. UBS Group set a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Thursday, May 21st. Citigroup upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. Finally, BMO Capital Markets upgraded shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $275.00 to $278.00 in a report on Tuesday, March 24th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $264.00.

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.