Tema Etfs LLC Acquires Shares of 3,858 Arthur J. Gallagher & Co. $AJG

Tema Etfs LLC acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,858 shares of the financial services provider’s stock, valued at approximately $1,195,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corundum Group Inc. bought a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $211,000. Deltec Asset Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the third quarter worth approximately $381,000. Freedom Day Solutions LLC acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter worth approximately $4,691,000. Forum Financial Management LP lifted its holdings in Arthur J. Gallagher & Co. by 7.7% during the 3rd quarter. Forum Financial Management LP now owns 2,545 shares of the financial services provider’s stock worth $788,000 after purchasing an additional 182 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in Arthur J. Gallagher & Co. by 27.8% in the 3rd quarter. ORG Partners LLC now owns 308 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AJG. Barclays dropped their target price on Arthur J. Gallagher & Co. from $250.00 to $247.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $279.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Truist Financial lowered their target price on shares of Arthur J. Gallagher & Co. from $290.00 to $280.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, BMO Capital Markets downgraded shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $289.00 to $275.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $295.33.

Insiders Place Their Bets

In other news, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $258.11, for a total transaction of $1,032,440.00. Following the sale, the vice president directly owned 17,327 shares in the company, valued at approximately $4,472,271.97. The trade was a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Walter D. Bay sold 15,850 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $255.00, for a total transaction of $4,041,750.00. Following the completion of the transaction, the general counsel owned 79,549 shares of the company’s stock, valued at approximately $20,284,995. This trade represents a 16.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,100 shares of company stock worth $8,243,865. Company insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 3.1%

Shares of Arthur J. Gallagher & Co. stock opened at $256.71 on Wednesday. The firm’s 50 day moving average is $253.40 and its 200 day moving average is $281.92. The firm has a market capitalization of $65.92 billion, a PE ratio of 38.37 and a beta of 0.67. Arthur J. Gallagher & Co. has a 1 year low of $236.34 and a 1 year high of $351.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.26 EPS. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.65 per share. The ex-dividend date was Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a yield of 1.0%. Arthur J. Gallagher & Co.’s payout ratio is currently 38.86%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.