Exencial Wealth Advisors LLC Has $21.45 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Exencial Wealth Advisors LLC cut its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,242 shares of the financial services provider’s stock after selling 366 shares during the period. Arthur J. Gallagher & Co. makes up about 0.8% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 29th biggest holding. Exencial Wealth Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $21,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Forte Capital LLC ADV raised its holdings in Arthur J. Gallagher & Co. by 2.5% in the 3rd quarter. Forte Capital LLC ADV now owns 3,626 shares of the financial services provider’s stock valued at $1,020,000 after acquiring an additional 87 shares in the last quarter. Catalina Capital Group LLC increased its stake in shares of Arthur J. Gallagher & Co. by 3.1% in the 3rd quarter. Catalina Capital Group LLC now owns 3,345 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 102 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its stake in shares of Arthur J. Gallagher & Co. by 23.7% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 11,714 shares of the financial services provider’s stock valued at $3,354,000 after purchasing an additional 2,247 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 18.1% in the 3rd quarter. Pittenger & Anderson Inc. now owns 18,224 shares of the financial services provider’s stock valued at $5,128,000 after purchasing an additional 2,793 shares during the last quarter. Finally, Sentry Investment Management LLC increased its stake in shares of Arthur J. Gallagher & Co. by 11.4% in the 3rd quarter. Sentry Investment Management LLC now owns 1,042 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 107 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $284.68, for a total value of $1,992,760.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,625,146.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,625,146.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the transaction, the president now directly owns 33,267 shares in the company, valued at approximately $9,853,685.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,900 shares of company stock valued at $6,892,280 in the last ninety days. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Trading Up 2.7 %

NYSE AJG opened at $290.65 on Thursday. The business’s 50-day moving average price is $288.45 and its two-hundred day moving average price is $272.10. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. The firm has a market capitalization of $63.77 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 EPS. On average, analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.71%.

Wall Street Analysts Forecast Growth

AJG has been the topic of several recent analyst reports. UBS Group lifted their price target on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. TD Cowen lifted their price target on 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. Barclays started coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price objective on the stock. Finally, Bank Of America (Bofa) boosted their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Three 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $287.00.

Arthur J. Gallagher & Co. 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.