Donor Advised Charitable Giving Inc. Has $5.48 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Donor Advised Charitable Giving Inc. cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 26.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,480 shares of the financial services provider’s stock after selling 7,040 shares during the period. Arthur J. Gallagher & Co. makes up 0.1% of Donor Advised Charitable Giving Inc.’s investment portfolio, making the stock its 3rd biggest holding. Donor Advised Charitable Giving Inc.’s holdings in Arthur J. Gallagher & Co. were worth $5,481,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AJG. Occidental Asset Management LLC lifted its position in Arthur J. Gallagher & Co. by 3.9% during the 3rd quarter. Occidental Asset Management LLC now owns 2,969 shares of the financial services provider’s stock worth $835,000 after acquiring an additional 112 shares during the last quarter. Creative Planning lifted its position in Arthur J. Gallagher & Co. by 4.4% during the 3rd quarter. Creative Planning now owns 59,653 shares of the financial services provider’s stock worth $16,785,000 after acquiring an additional 2,537 shares during the last quarter. Procyon Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 47.4% during the 3rd quarter. Procyon Advisors LLC now owns 2,273 shares of the financial services provider’s stock worth $639,000 after acquiring an additional 731 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in Arthur J. Gallagher & Co. by 13.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,583 shares of the financial services provider’s stock worth $727,000 after acquiring an additional 297 shares during the last quarter. Finally, Crestmont Private Wealth LLC acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth $220,000. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Walter D. Bay sold 6,335 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,145 shares of company stock valued at $12,622,660. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Barclays started coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 target price for the company. Bank Of America (Bofa) increased their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their target price on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Finally, TD Cowen increased their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $287.00.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $287.43 on Wednesday. The firm has a market cap of $62.80 billion, a price-to-earnings ratio of 58.18, a PEG ratio of 2.53 and a beta of 0.72. The company has a 50 day moving average of $288.39 and a 200-day moving average of $267.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 1-year low of $218.63 and a 1-year high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.