Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Arthur J. Gallagher & Co. $AJG

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 183,381 shares of the financial services provider’s stock after buying an additional 6,813 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Arthur J. Gallagher & Co. were worth $39,717,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $1,925,062,000. T. Rowe Price Investment Management Inc. increased its stake in Arthur J. Gallagher & Co. by 123.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider’s stock worth $1,523,636,000 after acquiring an additional 3,253,498 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Arthur J. Gallagher & Co. by 9,244.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,053,636 shares of the financial services provider’s stock worth $272,670,000 after acquiring an additional 1,042,361 shares during the last quarter. Viking Global Investors LP purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $269,394,000. Finally, Dodge & Cox bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $227,887,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Trading Up 3.9%

Shares of NYSE AJG opened at $226.34 on Friday. 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 business’s 50 day moving average price is $210.49 and its 200-day moving average price is $225.98. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $323.25. The company has a market cap of $58.15 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.15 and a beta of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.Arthur J. Gallagher & Co.’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.67 EPS. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 13.23 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AJG shares. Wells Fargo & Company dropped their target price on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Citigroup upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Truist Financial dropped their price objective on shares of 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. Piper Sandler reduced their target price on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Mizuho lowered their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.12.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

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.