United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $37.80 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 26.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,758 shares of the financial services provider’s stock after purchasing an additional 30,340 shares during the period. Arthur J. Gallagher & Co. comprises approximately 1.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 25th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.07% of Arthur J. Gallagher & Co. worth $37,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC increased its holdings in Arthur J. Gallagher & Co. by 25.1% during the second quarter. Ballentine Partners LLC now owns 1,087 shares of the financial services provider’s stock worth $282,000 after buying an additional 218 shares during the last quarter. Arlington Trust Co LLC boosted its position in Arthur J. Gallagher & Co. by 24.9% during the second quarter. Arlington Trust Co LLC now owns 3,998 shares of the financial services provider’s stock worth $1,037,000 after purchasing an additional 798 shares during the period. Caprock Group LLC boosted its position in Arthur J. Gallagher & Co. by 11.0% during the second quarter. Caprock Group LLC now owns 32,343 shares of the financial services provider’s stock worth $8,387,000 after purchasing an additional 3,197 shares during the period. W Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 6.5% during the second quarter. W Advisors LLC now owns 1,478 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 90 shares during the period. Finally, Anchor Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the second quarter worth $37,451,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $294.19 on Monday. The firm’s fifty day simple moving average is $279.84 and its two-hundred day simple moving average is $259.53. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a market cap of $64.46 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52-week low of $218.63 and a 52-week high of $298.24.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.90 EPS. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Insiders Place Their Bets

In related news, CFO Douglas K. Howell sold 8,710 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total value of $2,482,959.70. Following the completion of the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,654,772.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 8,710 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,654,772.41. The disclosure for this sale can be found here. Insiders have sold 48,348 shares of company stock worth $13,342,910 over the last three months. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AJG. UBS Group boosted their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Argus upped their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Truist Financial boosted their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Bank Of America (Bofa) upped their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research note 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $276.82.

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.