Arthur J. Gallagher & Co. $AJG Stock Position Reduced 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 lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,105 shares of the financial services provider’s stock after selling 6,116 shares during the period. Arthur J. Gallagher & Co. comprises about 1.8% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 17th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of Arthur J. Gallagher & Co. worth $46,771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. J.Safra Asset Management Corp increased its position in Arthur J. Gallagher & Co. by 209.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 69 shares during the last quarter. AlphaQuest LLC acquired a new position in Arthur J. Gallagher & Co. in the first quarter worth approximately $33,000. Saudi Central Bank bought a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $34,000. SouthState Corp acquired a new stake in Arthur J. Gallagher & Co. in the first quarter valued at approximately $39,000. Finally, Steph & Co. bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth approximately $40,000. 85.53% of the stock is owned by institutional investors and hedge funds.

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

In related news, CAO Richard C. Cary sold 6,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $261.00, for a total value of $1,566,000.00. Following the sale, the chief accounting officer owned 50,668 shares of the company’s stock, valued at $13,224,348. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michael Robert Pesch purchased 4,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $247.12 per share, with a total value of $988,480.00. Following the purchase, the vice president owned 41,849 shares of the company’s stock, valued at approximately $10,341,724.88. This trade represents a 10.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 37,105 shares of company stock worth $10,796,353 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Trading Down 0.6%

Shares of AJG opened at $248.72 on Thursday. The stock’s 50-day moving average price is $277.86 and its 200 day moving average price is $300.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $63.87 billion, a price-to-earnings ratio of 35.33 and a beta of 0.71. Arthur J. Gallagher & Co. has a 12-month low of $239.47 and a 12-month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.26 earnings per share. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.65 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 38.86%.

Wall Street Analysts Forecast Growth

AJG has been the subject of several analyst reports. Wolfe Research assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Thursday, November 20th. They issued an “outperform” rating and a $291.00 price objective for the company. UBS Group upped their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Piper Sandler cut their price objective on Arthur J. Gallagher & Co. from $340.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings lowered shares of Arthur J. Gallagher & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $316.33.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.