Woodley Farra Manion Portfolio Management Inc. Has $39.49 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Woodley Farra Manion Portfolio Management Inc. increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,604 shares of the financial services provider’s stock after acquiring an additional 2,318 shares during the quarter. Arthur J. Gallagher & Co. comprises 1.8% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 24th largest holding. Woodley Farra Manion Portfolio Management Inc. owned about 0.06% of Arthur J. Gallagher & Co. worth $39,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 91 shares during the period. Financial Life Planners acquired a new position in shares of Arthur J. Gallagher & Co. in the third quarter worth approximately $39,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 147 shares during the period. CVA Family Office LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 84.8% in the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 84 shares during the period. Finally, Entrust Financial LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $51,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AJG. Truist Financial cut their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. BMO Capital Markets raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $278.00 in a research note on Tuesday, March 24th. Citigroup raised Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price target on Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a research note on Friday, May 1st. Finally, Mizuho dropped their price target on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.71.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the sale, the chief accounting officer owned 47,819 shares in the company, valued at $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $221.25 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $327.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50 day moving average price is $210.93 and its two-hundred day moving average price is $228.13. The firm has a market cap of $56.84 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.11 and a beta of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.67 earnings per share. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.31%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.