Mowery & Schoenfeld Wealth Management LLC Sells 43 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Mowery & Schoenfeld Wealth Management LLC cut its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the financial services provider’s stock after selling 43 shares during the period. Arthur J. Gallagher & Co. makes up about 0.7% of Mowery & Schoenfeld Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Mowery & Schoenfeld Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in Arthur J. Gallagher & Co. during the first quarter worth about $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 in the last quarter. Aspiriant LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $212,000. ERn Financial LLC increased its stake 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 valued at $636,000 after purchasing an additional 47 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted 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 worth $345,000 after buying an additional 119 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AJG shares. Bank Of America (Bofa) increased their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Barclays assumed coverage on Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a report on Friday, July 26th. 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $287.00.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, General Counsel Walter D. Bay sold 6,335 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the sale, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now directly owns 30,053 shares of the company’s stock, valued at $8,536,855.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 8,710 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,654,772.41. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,145 shares of company stock valued at $12,622,660. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 0.2 %

Shares of NYSE:AJG traded down $0.48 during trading on Thursday, reaching $288.45. The stock had a trading volume of 184,329 shares, compared to its average volume of 840,655. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The firm’s fifty day moving average is $289.20 and its 200 day moving average is $268.76. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 2.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The firm had revenue of $2.73 billion during 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 business’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $1.90 EPS. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

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

About Arthur J. Gallagher & Co.

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.