Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 27.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,593 shares of the financial services provider’s stock after selling 599 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AJG. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $28,000. New Age Alpha Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 49 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $35,000. Finally, Financial Life Planners acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $36,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. This trade represents a 7.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David S. Johnson sold 325 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the sale, the director now directly owns 44,783 shares of the company’s stock, valued at $14,422,812.98. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AJG. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research report on Friday, March 21st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Truist Financial raised their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Finally, Royal Bank of Canada lifted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $313.20.

Arthur J. Gallagher & Co. Trading Down 0.1 %

Shares of AJG stock opened at $340.59 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $345.43. The company has a market cap of $87.10 billion, a price-to-earnings ratio of 52.24 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a 50 day simple moving average of $321.73 and a 200-day simple moving average of $300.95.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is 39.88%.

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.