CENTRAL TRUST Co Lowers Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

CENTRAL TRUST Co lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,073 shares of the financial services provider’s stock after selling 69 shares during the quarter. CENTRAL TRUST Co’s holdings in Arthur J. Gallagher & Co. were worth $5,929,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at $217,000. Brookstone Capital Management raised its position in Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after purchasing an additional 5,308 shares during the period. Aspiriant LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $212,000. ERn Financial LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.9% in the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 47 shares during the period. Finally, OneAscent Wealth Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 9.4% during the 1st quarter. OneAscent Wealth Management LLC now owns 1,380 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 119 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, President Thomas Joseph Gallagher sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now directly owns 329,099 shares of the company’s stock, valued at $93,121,853.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,145 shares of company stock worth $12,622,660 in the last ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AJG shares. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Barclays started coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price target for the company. Bank of America increased their price objective 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. BMO Capital Markets boosted their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company increased their price target on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $287.00.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $288.93 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day moving average price is $289.20 and its 200-day moving average price is $268.76. Arthur J. Gallagher & Co. has a 1-year low of $218.63 and a 1-year high of $301.04. The firm has a market capitalization of $63.13 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.11 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.83%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.