Financial Counselors Inc. Sells 123 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Financial Counselors Inc. cut its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,149 shares of the financial services provider’s stock after selling 123 shares during the period. Financial Counselors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $817,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the second quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 39 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 4.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 44 shares during the period. ERn Financial LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.9% in the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 47 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in shares of Arthur J. Gallagher & Co. by 0.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock worth $1,642,000 after acquiring an additional 48 shares during the period. Finally, Simplicity Wealth LLC lifted its position in Arthur J. Gallagher & Co. by 0.8% during the second quarter. Simplicity Wealth LLC now owns 6,469 shares of the financial services provider’s stock valued at $1,677,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.7 %

NYSE AJG opened at $294.49 on Wednesday. The business’s fifty day simple moving average is $277.55 and its 200-day simple moving average is $258.36. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm has a market cap of $64.35 billion, a PE ratio of 59.61, a P/E/G ratio of 2.46 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $296.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. Arthur J. Gallagher & Co.’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 earnings per share. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott R. Hudson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the sale, the vice president now owns 93,730 shares in the company, valued at $24,693,168.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,348 shares of company stock worth $13,342,910. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank Of America (Bofa) upped their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Argus boosted their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Piper Sandler increased their price target on shares of Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus target price of $275.38.

Arthur J. Gallagher & Co. 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.