Fort Washington Investment Advisors Inc. OH Buys 2,906 Shares of Arthur J. Gallagher & Co. $AJG

Fort Washington Investment Advisors Inc. OH boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,802 shares of the financial services provider’s stock after acquiring an additional 2,906 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.05% of Arthur J. Gallagher & Co. worth $42,513,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. SFM LLC increased its position in shares of Arthur J. Gallagher & Co. by 8.4% during the 2nd quarter. SFM LLC now owns 4,361 shares of the financial services provider’s stock valued at $1,396,000 after purchasing an additional 338 shares during the last quarter. KG&L Capital Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.4% during the 2nd quarter. KG&L Capital Management LLC now owns 24,969 shares of the financial services provider’s stock valued at $7,993,000 after purchasing an additional 355 shares during the last quarter. Spirepoint Private Client LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.4% during the 2nd quarter. Spirepoint Private Client LLC now owns 18,634 shares of the financial services provider’s stock valued at $5,965,000 after purchasing an additional 612 shares during the last quarter. Signaturefd LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.9% during the 2nd quarter. Signaturefd LLC now owns 4,360 shares of the financial services provider’s stock valued at $1,396,000 after purchasing an additional 162 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of Arthur J. Gallagher & Co. by 41.8% during the 2nd quarter. ORG Partners LLC now owns 241 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 71 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Trading Up 0.3%

AJG opened at $304.09 on Friday. The stock has a market cap of $77.97 billion, a PE ratio of 43.19 and a beta of 0.72. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $297.92 and a 200-day moving average of $317.33. Arthur J. Gallagher & Co. has a 52 week low of $275.56 and a 52 week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 36.93%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president owned 85,920 shares of the company’s stock, valued at approximately $25,569,792. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas K. Howell sold 8,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the completion of the sale, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at approximately $30,186,742.58. The trade was a 7.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,855 shares of company stock valued at $8,916,928. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of several recent research reports. Barclays reduced their price objective on Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Piper Sandler raised their price target on Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, UBS Group raised their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $330.93.

Arthur J. Gallagher & Co. 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.