OneAscent Family Office LLC Has $402,000 Stock Holdings in Arthur J. Gallagher & Co. $AJG

OneAscent Family Office LLC increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 58.6% during the 2nd quarter, Holdings Channel reports. The fund owned 1,256 shares of the financial services provider’s stock after buying an additional 464 shares during the quarter. OneAscent Family Office LLC’s holdings in Arthur J. Gallagher & Co. were worth $402,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AJG. JPMorgan Chase & Co. increased its position in shares of Arthur J. Gallagher & Co. by 38.3% in the 1st quarter. JPMorgan Chase & Co. now owns 17,372,745 shares of the financial services provider’s stock valued at $5,997,767,000 after buying an additional 4,815,007 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 2.5% in the first quarter. Vanguard Group Inc. now owns 30,411,264 shares of the financial services provider’s stock worth $10,499,185,000 after acquiring an additional 739,130 shares in the last quarter. Nuveen LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth about $240,665,000. 1832 Asset Management L.P. raised its holdings in Arthur J. Gallagher & Co. by 3,142.2% during the 1st quarter. 1832 Asset Management L.P. now owns 640,911 shares of the financial services provider’s stock worth $221,268,000 after buying an additional 621,143 shares during the period. Finally, DSM Capital Partners LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $136,565,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AJG shares. Evercore ISI dropped their price objective on shares of Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Piper Sandler reduced their target price on shares of Arthur J. Gallagher & Co. from $340.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $323.73.

Arthur J. Gallagher & Co. Stock Down 1.4%

Arthur J. Gallagher & Co. stock opened at $248.19 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36. The company’s 50-day moving average is $291.61 and its 200-day moving average is $308.32. The firm has a market capitalization of $63.63 billion, a PE ratio of 35.25 and a beta of 0.71. Arthur J. Gallagher & Co. has a fifty-two week low of $239.47 and a fifty-two week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the company earned $2.26 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 20.2% on a year-over-year basis. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 5th. Arthur J. Gallagher & Co.’s payout ratio is 38.86%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, VP Michael Robert Pesch purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $247.12 per share, for a total transaction of $988,480.00. Following the purchase, the vice president owned 41,849 shares in the company, valued at approximately $10,341,724.88. This represents a 10.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the sale, the vice president owned 85,920 shares of the company’s stock, valued at $25,569,792. This trade represents a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,855 shares of company stock worth $8,916,928 over the last ninety days. Insiders own 1.30% of the company’s stock.

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.