Freedom Day Solutions LLC Buys 3,130 Shares of Arthur J. Gallagher & Co. $AJG

Freedom Day Solutions LLC lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,943 shares of the financial services provider’s stock after purchasing an additional 3,130 shares during the quarter. Arthur J. Gallagher & Co. accounts for approximately 1.3% of Freedom Day Solutions LLC’s portfolio, making the stock its 15th largest holding. Freedom Day Solutions LLC’s holdings in Arthur J. Gallagher & Co. were worth $6,146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Arthur J. Gallagher & Co. during the second quarter valued at $3,587,000. Sequoia Financial Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 7.1% in the second quarter. Sequoia Financial Advisors LLC now owns 149,799 shares of the financial services provider’s stock valued at $34,389,000 after buying an additional 9,966 shares in the last quarter. Gtcr LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth about $514,112,000. Nissay Asset Management Corp Japan raised its position in shares of Arthur J. Gallagher & Co. by 13.0% in the second quarter. Nissay Asset Management Corp Japan now owns 193,547 shares of the financial services provider’s stock worth $44,433,000 after acquiring an additional 22,227 shares during the period. Finally, Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth about $5,848,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AJG. BMO Capital Markets dropped their target price on Arthur J. Gallagher & Co. from $278.00 to $255.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Jefferies Financial Group cut their price target on Arthur J. Gallagher & Co. from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, October 9th. Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Finally, Truist Financial increased their price target on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.74.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CAO Richard Cary sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total value of $252,860.00. Following the transaction, the chief accounting officer directly owned 46,819 shares of the company’s stock, valued at approximately $11,838,652.34. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott Hudson sold 12,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total value of $3,169,560.00. Following the completion of the sale, the vice president owned 90,262 shares in the company, valued at approximately $23,840,902.06. The trade was a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,500 shares of company stock worth $7,562,950 in the last quarter. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $253.33 on Tuesday. The firm has a market cap of $64.93 billion, a PE ratio of 42.01, a PEG ratio of 1.46 and a beta of 0.55. The firm has a fifty day moving average of $246.43 and a 200 day moving average of $232.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $284.33.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 earnings per share. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 13.17 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio is 46.43%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.