Coldstream Capital Management Inc. Has $3.29 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Coldstream Capital Management Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,675 shares of the financial services provider’s stock after acquiring an additional 202 shares during the period. Coldstream Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $3,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AJG. Norges Bank purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $1,308,316,000. Brown Advisory Inc. boosted its holdings in Arthur J. Gallagher & Co. by 1,210.9% during the 4th quarter. Brown Advisory Inc. now owns 1,383,480 shares of the financial services provider’s stock worth $311,117,000 after acquiring an additional 1,277,945 shares during the last quarter. Capital World Investors raised its holdings in shares of Arthur J. Gallagher & Co. by 24.9% in the fourth quarter. Capital World Investors now owns 4,433,710 shares of the financial services provider’s stock valued at $997,053,000 after purchasing an additional 884,394 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Arthur J. Gallagher & Co. by 180.6% during the first quarter. Janus Henderson Group PLC now owns 1,228,266 shares of the financial services provider’s stock valued at $307,076,000 after purchasing an additional 790,467 shares in the last quarter. Finally, Capital International Investors increased its stake in Arthur J. Gallagher & Co. by 7.0% in the 1st quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider’s stock valued at $2,763,177,000 after buying an additional 727,325 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Scott R. Hudson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the completion of the sale, the vice president now owns 93,730 shares of the company’s stock, valued at approximately $24,693,168.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,348 shares of company stock valued at $13,342,910. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of research analyst reports. Truist Financial increased their price target on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Bank of America lifted their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group upped their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research note on Friday, July 26th. Barclays assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $276.82.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $298.66 on Wednesday. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $300.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $65.44 billion, a P/E ratio of 60.46, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. The firm’s fifty day moving average price is $281.37 and its 200-day moving average price is $260.29.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results 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. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Arthur J. Gallagher & Co. Company 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.