Dakota Wealth Management Sells 53,621 Shares of Arthur J. Gallagher & Co. $AJG

Dakota Wealth Management cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 63.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,688 shares of the financial services provider’s stock after selling 53,621 shares during the period. Dakota Wealth Management’s holdings in Arthur J. Gallagher & Co. were worth $9,505,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AJG. Clearstead Advisors LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 1.9% during the third quarter. Clearstead Advisors LLC now owns 11,610 shares of the financial services provider’s stock worth $3,596,000 after purchasing an additional 215 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Arthur J. Gallagher & Co. by 1.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 445,096 shares of the financial services provider’s stock worth $137,864,000 after buying an additional 4,557 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in Arthur J. Gallagher & Co. by 45.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,259 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 395 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in Arthur J. Gallagher & Co. by 3.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 81,364 shares of the financial services provider’s stock valued at $25,202,000 after acquiring an additional 2,697 shares in the last quarter. Finally, Dearborn Partners LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.9% during the third quarter. Dearborn Partners LLC now owns 125,990 shares of the financial services provider’s stock worth $39,024,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of research reports. Mizuho set a $277.00 price target on shares of Arthur J. Gallagher & Co. in a report on Wednesday, January 14th. Piper Sandler lowered their target price on Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating for the company in a research note on Monday. Wolfe Research set a $289.00 price target on Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Evercore decreased their price target on Arthur J. Gallagher & Co. from $353.00 to $334.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Barclays dropped their price objective 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. Six analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $282.76.

Arthur J. Gallagher & Co. Stock Down 1.0%

Shares of Arthur J. Gallagher & Co. stock opened at $214.25 on Tuesday. The business has a fifty day simple moving average of $245.55 and a 200 day simple moving average of $267.54. The stock has a market cap of $55.08 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.17 and a beta of 0.66. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 12 month low of $195.00 and a 12 month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company’s revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 earnings per share. Research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.70 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 42.28%.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total value of $1,032,440.00. Following the completion of the sale, the vice president owned 17,327 shares of the company’s stock, valued at approximately $4,472,271.97. This represents a 18.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 5,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $258.05, for a total transaction of $1,290,250.00. Following the transaction, the chief financial officer directly owned 95,777 shares in the company, valued at approximately $24,715,254.85. This represents a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 24,850 shares of company stock valued at $6,364,440. Corporate insiders own 1.30% of the company’s stock.

About Arthur J. Gallagher & Co.

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.