Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 53.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,993 shares of the financial services provider’s stock after selling 3,498 shares during the quarter. Compass Ion Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AJG. Tower Research Capital LLC TRC grew its position in Arthur J. Gallagher & Co. by 27.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,383 shares of the financial services provider’s stock valued at $2,367,000 after buying an additional 2,229 shares during the last quarter. Bank of Nova Scotia lifted its position in Arthur J. Gallagher & Co. by 13.8% in the third quarter. Bank of Nova Scotia now owns 19,712 shares of the financial services provider’s stock valued at $4,493,000 after purchasing an additional 2,385 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Arthur J. Gallagher & Co. by 11.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 150,529 shares of the financial services provider’s stock valued at $34,310,000 after purchasing an additional 15,262 shares in the last quarter. AQR Capital Management LLC increased its position in Arthur J. Gallagher & Co. by 3.4% during the 3rd quarter. AQR Capital Management LLC now owns 107,550 shares of the financial services provider’s stock worth $24,514,000 after purchasing an additional 3,561 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 18.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,173 shares of the financial services provider’s stock worth $2,319,000 after buying an additional 1,583 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 16,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the transaction, the chief financial officer now owns 80,952 shares of the company’s stock, valued at approximately $20,109,286.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Douglas K. Howell sold 16,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, May 10th. The stock was sold at an average price of $248.41, for a total value of $3,974,560.00. Following the transaction, the chief financial officer now owns 80,952 shares in the company, valued at $20,109,286.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Johnson sold 850 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was 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 53,165 shares of company stock worth $13,629,049 over the last quarter. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on AJG shares. Bank of America increased their price objective on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 22nd. Truist Financial restated a “hold” rating and set a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Argus lifted their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Piper Sandler lowered their price target on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $263.00.

Arthur J. Gallagher & Co. Trading Down 0.3 %

Arthur J. Gallagher & Co. stock opened at $259.31 on Monday. The stock has a 50-day moving average price of $251.09 and a 200 day moving average price of $242.53. Arthur J. Gallagher & Co. has a 52 week low of $210.86 and a 52 week high of $266.39. The stock has a market cap of $56.66 billion, a PE ratio of 52.49, a P/E/G ratio of 2.32 and a beta of 0.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate 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 firm posted $3.03 earnings per share. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

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.