SVB Wealth LLC Has $1.64 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

SVB Wealth LLC cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,308 shares of the financial services provider’s stock after selling 926 shares during the quarter. SVB Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenleaf Trust increased its position in Arthur J. Gallagher & Co. by 1.4% in the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 42 shares during the period. Pinnacle Bancorp Inc. increased its position in Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 43 shares during the period. HBK Sorce Advisory LLC increased its position in Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 46 shares during the period. Fidelis Capital Partners LLC increased its position in Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 47 shares during the period. Finally, Lindbrook Capital LLC increased its position in Arthur J. Gallagher & Co. by 7.9% in the third quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 48 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Up 1.5 %

Shares of Arthur J. Gallagher & Co. stock opened at $233.99 on Friday. Arthur J. Gallagher & Co. has a 1 year low of $198.52 and a 1 year high of $256.10. The business has a 50-day moving average of $244.43 and a two-hundred day moving average of $238.61. The company has a market capitalization of $51.08 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period last year, the company earned $1.54 earnings per share. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 54.05%.

Analyst Ratings Changes

A number of analysts recently commented on AJG shares. Truist Financial reiterated a “hold” rating and issued a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their target price for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, TD Cowen lifted their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $255.23.

Insider Buying and Selling

In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the transaction, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the transaction, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the transaction, the vice president now owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is owned by corporate insiders.

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.