Fiduciary Trust Co Has $1.12 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Fiduciary Trust Co increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,927 shares of the financial services provider’s stock after buying an additional 280 shares during the quarter. Fiduciary Trust Co’s holdings in Arthur J. Gallagher & Co. were worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AJG. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $28,000. New Age Alpha Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 49 shares during the period. Johnson Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $35,000. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David S. Johnson sold 325 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the sale, the director now directly owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,835 shares of company stock valued at $5,839,830. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Up 0.1 %

Shares of NYSE:AJG opened at $338.67 on Friday. Arthur J. Gallagher & Co. has a 12-month low of $244.60 and a 12-month high of $350.70. The business has a 50 day moving average of $330.37 and a 200-day moving average of $310.13. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $86.61 billion, a PE ratio of 51.94 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.45 EPS. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.77%. Arthur J. Gallagher & Co.’s payout ratio is presently 37.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AJG. Barclays boosted their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, April 10th. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target on the stock. Finally, Truist Financial lifted their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $315.33.

About Arthur J. Gallagher & Co.

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.