Donor Advised Charitable Giving Inc. Has $4.55 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Donor Advised Charitable Giving Inc. trimmed its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,030 shares of the financial services provider’s stock after selling 3,450 shares during the quarter. Arthur J. Gallagher & Co. accounts for about 0.1% of Donor Advised Charitable Giving Inc.’s holdings, making the stock its 4th largest position. Donor Advised Charitable Giving Inc.’s holdings in Arthur J. Gallagher & Co. were worth $4,550,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Diversify Advisory Services LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $228,000. Terra Nova Asset Management LLC grew its position in Arthur J. Gallagher & Co. by 0.9% during the 4th quarter. Terra Nova Asset Management LLC now owns 10,201 shares of the financial services provider’s stock worth $2,896,000 after acquiring an additional 88 shares during the last quarter. Annex Advisory Services LLC increased its holdings in Arthur J. Gallagher & Co. by 29.0% during the 4th quarter. Annex Advisory Services LLC now owns 53,021 shares of the financial services provider’s stock valued at $15,050,000 after purchasing an additional 11,920 shares in the last quarter. Renaissance Investment Group LLC raised its position in Arthur J. Gallagher & Co. by 4.5% in the 4th quarter. Renaissance Investment Group LLC now owns 34,864 shares of the financial services provider’s stock valued at $9,896,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Ballew Advisors Inc grew its holdings in shares of Arthur J. Gallagher & Co. by 4.3% during the fourth quarter. Ballew Advisors Inc now owns 20,782 shares of the financial services provider’s stock worth $5,940,000 after purchasing an additional 849 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Bank of America upped their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Stock Down 0.2 %

Shares of NYSE AJG opened at $295.22 on Monday. The firm has a 50 day moving average price of $291.99 and a 200 day moving average price of $287.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $73.75 billion, a P/E ratio of 56.23 and a beta of 0.76. Arthur J. Gallagher & Co. has a 52-week low of $227.08 and a 52-week high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

Insider Buying and Selling

In related news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.