Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its position in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,288 shares of the financial services provider’s stock after selling 168 shares during the quarter. Stephens Inc. AR’s holdings in Arthur J. Gallagher & Co. were worth $1,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth $28,000. SJS Investment Consulting Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $33,000. Finally, DSM Capital Partners LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $37,000. 85.53% of the stock is owned by institutional investors and hedge funds.

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

In other news, Director David S. Johnson sold 850 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total value of $219,164.00. Following the completion of the sale, the director now directly owns 45,108 shares of the company’s stock, valued at $11,630,646.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,395 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $254.00, for a total value of $862,330.00. Following the transaction, the chief accounting officer now directly owns 38,314 shares of the company’s stock, valued at approximately $9,731,756. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Johnson sold 850 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total value of $219,164.00. Following the sale, the director now owns 45,108 shares of the company’s stock, valued at $11,630,646.72. The disclosure for this sale can be found here. Insiders have sold a total of 51,069 shares of company stock valued at $12,946,945 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $253.53 on Monday. Arthur J. Gallagher & Co. has a fifty-two week low of $203.35 and a fifty-two week high of $259.35. The firm’s 50 day simple moving average is $244.82 and its 200-day simple moving average is $241.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $55.40 billion, a P/E ratio of 51.32, a price-to-earnings-growth ratio of 2.30 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.08. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 EPS. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a yield of 0.95%. Arthur J. Gallagher & Co.’s payout ratio is presently 48.58%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AJG shares. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Truist Financial reissued a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Piper Sandler decreased their price target on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. TD Cowen boosted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $255.71.

Get Our Latest Research Report on AJG

Arthur J. Gallagher & Co. Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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