United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Boosts Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 24.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 181,540 shares of the financial services provider’s stock after buying an additional 35,782 shares during the quarter. Arthur J. Gallagher & Co. comprises 2.0% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 17th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Arthur J. Gallagher & Co. were worth $51,530,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AJG. Financial Engines Advisors L.L.C. acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $294,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Arthur J. Gallagher & Co. by 100.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 200 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 100 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Arthur J. Gallagher & Co. by 863.1% during the 4th quarter. Zions Bancorporation N.A. now owns 1,801 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 1,614 shares in the last quarter. TIAA Trust National Association increased its holdings in Arthur J. Gallagher & Co. by 5.2% in the 4th quarter. TIAA Trust National Association now owns 4,082 shares of the financial services provider’s stock valued at $1,159,000 after purchasing an additional 203 shares in the last quarter. Finally, FineMark National Bank & Trust raised its position in Arthur J. Gallagher & Co. by 1.7% in the fourth quarter. FineMark National Bank & Trust now owns 46,869 shares of the financial services provider’s stock valued at $13,304,000 after purchasing an additional 788 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity

In related news, Director David S. Johnson sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the sale, the director now directly owns 44,783 shares in the company, valued at $14,422,812.98. The trade was a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AJG. Truist Financial increased their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. They issued a “neutral” rating and a $352.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $337.55 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $318.98 and its two-hundred day moving average is $300.11. The firm has a market capitalization of $85.97 billion, a P/E ratio of 51.77 and a beta of 0.75. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 39.88%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.