Fort Washington Investment Advisors Inc. OH Purchases 31,348 Shares of Arthur J. Gallagher & Co. $AJG

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 176,568 shares of the financial services provider’s stock after acquiring an additional 31,348 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.07% of Arthur J. Gallagher & Co. worth $45,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AJG. Kathmere Capital Management LLC grew its position in Arthur J. Gallagher & Co. by 4.4% in the fourth quarter. Kathmere Capital Management LLC now owns 1,269 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 53 shares in the last quarter. Triangle Securities Wealth Management raised its holdings in shares of Arthur J. Gallagher & Co. by 23.9% during the 4th quarter. Triangle Securities Wealth Management now owns 4,003 shares of the financial services provider’s stock valued at $1,036,000 after purchasing an additional 772 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of Arthur J. Gallagher & Co. by 44.9% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 670,103 shares of the financial services provider’s stock valued at $173,416,000 after purchasing an additional 207,507 shares during the last quarter. Corundum Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 43.8% in the fourth quarter. Corundum Group Inc. now owns 978 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 298 shares in the last quarter. Finally, CVA Family Office LLC increased its position in Arthur J. Gallagher & Co. by 84.8% during the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after buying an additional 84 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction 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 sale, the vice president 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 legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction 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 transaction, the vice president directly owned 85,920 shares in the company, valued at $19,552,814.40. This trade represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “outperform” rating and set a $260.00 target price on the stock in a report on Friday, February 27th. Piper Sandler lowered their price objective on Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Royal Bank Of Canada initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price objective on the stock. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, UBS Group lowered their price target on Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $273.82.

Arthur J. Gallagher & Co. Trading Down 1.7%

Shares of NYSE:AJG opened at $210.01 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day moving average is $226.21 and its 200-day moving average is $254.97. The company has a market cap of $53.99 billion, a P/E ratio of 34.15, a P/E/G ratio of 1.06 and a beta of 0.67. Arthur J. Gallagher & Co. has a 52-week low of $195.00 and a 52-week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The firm’s revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a $0.70 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.53%.

Arthur J. Gallagher & Co. Company 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.