SG Americas Securities LLC Has $8.08 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

SG Americas Securities LLC increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 373.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,215 shares of the financial services provider’s stock after acquiring an additional 24,625 shares during the quarter. SG Americas Securities LLC’s holdings in Arthur J. Gallagher & Co. were worth $8,078,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AJG. Physician Wealth Advisors Inc. raised its holdings in Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 87 shares during the period. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. Financial Life Planners bought a new position in Arthur J. Gallagher & Co. during the third quarter worth about $39,000. Central Pacific Bank Trust Division grew its stake in Arthur J. Gallagher & Co. by 40.6% in the third quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 39 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 100.0% in the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the sale, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president owned 85,920 shares of the company’s stock, valued at $19,552,814.40. The trade was a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AJG. Wells Fargo & Company cut their price objective on Arthur J. Gallagher & Co. from $298.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. The Goldman Sachs Group restated a “buy” rating and set a $292.00 target price on shares of Arthur J. Gallagher & Co. in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research note on Monday, December 29th. BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $275.00 to $278.00 in a research report on Tuesday, March 24th. Finally, Wolfe Research set a $289.00 price objective on shares of Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.82.

Arthur J. Gallagher & Co. Trading Up 4.4%

NYSE AJG opened at $216.15 on Tuesday. Arthur J. Gallagher & Co. has a 52 week low of $195.00 and a 52 week high of $351.23. 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 price is $224.33 and its two-hundred day moving average price is $253.15. The stock has a market capitalization of $55.57 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 1.03 and a beta of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results 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 company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 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.