Coldstream Capital Management Inc. Acquires 875 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Coldstream Capital Management Inc. boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 6.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,550 shares of the financial services provider’s stock after buying an additional 875 shares during the period. Coldstream Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $3,816,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AJG. Mark Sheptoff Financial Planning LLC acquired a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. in the second quarter valued at approximately $26,000. Pin Oak Investment Advisors Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 52 shares during the period. Finally, Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth $29,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $283.65 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $316.72. The company has a 50-day simple moving average of $293.62 and a two-hundred day simple moving average of $281.35. The firm has a market capitalization of $62.23 billion, a PE ratio of 54.03, a price-to-earnings-growth ratio of 2.53 and a beta of 0.74.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the business earned $2.00 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 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. Stockholders of record on Friday, December 6th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Insider Activity

In related news, President Michael Robert Pesch sold 7,100 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares of the company’s stock, valued at $9,853,685.40. This trade represents a 17.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,211,438. This trade represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,900 shares of company stock worth $6,892,280. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

AJG has been the topic of a number of research analyst reports. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research note on Monday, November 25th. Bank of America raised their price objective on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Piper Sandler raised their price objective on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $293.71.

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.