Sequoia Financial Advisors LLC Grows Holdings in Arthur J. Gallagher & Co. $AJG

Sequoia Financial Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 149,799 shares of the financial services provider’s stock after purchasing an additional 9,966 shares during the period. Sequoia Financial Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $34,389,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC raised its position in shares of Arthur J. Gallagher & Co. by 303.7% during the 2nd quarter. Tidal Investments LLC now owns 638,601 shares of the financial services provider’s stock valued at $146,604,000 after purchasing an additional 480,413 shares during the period. MCF Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 97.9% in the 2nd quarter. MCF Advisors LLC now owns 558 shares of the financial services provider’s stock worth $128,000 after buying an additional 276 shares during the period. Archford Capital Strategies LLC increased its stake in Arthur J. Gallagher & Co. by 2.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,871 shares of the financial services provider’s stock worth $430,000 after buying an additional 43 shares in the last quarter. National Pension Service raised its holdings in Arthur J. Gallagher & Co. by 3.6% during the second quarter. National Pension Service now owns 516,323 shares of the financial services provider’s stock valued at $118,532,000 after acquiring an additional 18,047 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Arthur J. Gallagher & Co. by 6.1% in the second quarter. Integrated Wealth Concepts LLC now owns 2,760 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 159 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Down 2.7%

Shares of NYSE:AJG opened at $244.65 on Thursday. The company has a market cap of $62.70 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 1.52 and a beta of 0.50. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $313.55. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $255.42 and a 200 day moving average price of $228.58.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 13.28 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. Arthur J. Gallagher & Co.’s payout ratio is currently 46.43%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the transaction, the vice president owned 90,262 shares in the company, valued at $23,840,902.06. The trade was a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher E. Mead sold 3,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total transaction of $899,570.00. Following the completion of the sale, the vice president directly owned 22,223 shares in the company, valued at approximately $5,711,755.46. This represents a 13.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,500 shares of company stock worth $7,310,090. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Morgan Stanley lifted their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Piper Sandler boosted their target price on shares of Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Barclays upped their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and an average price target of $290.28.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The company helps businesses, institutions and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, risk management, claims administration, actuarial services, captive insurance and wholesale brokerage. Gallagher arranges commercial property and casualty coverage, personal insurance, specialty insurance and employee benefit programs, while also providing services designed to help clients manage workplace, liability and other operational risks.

Founded in 1927 by Arthur J.