Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,400 shares of the financial services provider’s stock after selling 3,800 shares during the period. Forsta AP Fonden’s holdings in Arthur J. Gallagher & Co. were worth $9,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Signaturefd LLC boosted 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 buying an additional 39 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of 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 worth $246,000 after purchasing an additional 44 shares during the period. ERn Financial LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 1.9% during the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 47 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 0.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock valued at $1,642,000 after purchasing an additional 48 shares during the period. Finally, Simplicity Wealth LLC boosted its holdings 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 worth $1,677,000 after buying an additional 49 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on AJG shares. Barclays started coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price objective for the company. Piper Sandler increased their price target on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. TD Cowen boosted their price objective on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Bank of America lifted their price target on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $276.82.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the transaction, the president now owns 33,267 shares of the company’s stock, valued at $9,853,685.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, President Michael Robert Pesch sold 7,100 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the transaction, the president now owns 33,267 shares of the company’s stock, valued at approximately $9,853,685.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Walter D. Bay sold 8,303 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $262.74, for a total value of $2,181,530.22. Following the completion of the transaction, the general counsel now directly owns 36,388 shares of the company’s stock, valued at $9,560,583.12. The disclosure for this sale can be found here. Insiders sold a total of 55,448 shares of company stock valued at $15,445,930 over the last quarter. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Trading Up 0.3 %

Shares of Arthur J. Gallagher & Co. stock opened at $297.39 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $283.34 and its 200-day simple moving average is $261.15. The stock has a market cap of $65.16 billion, a P/E ratio of 60.20, a P/E/G ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1-year low of $218.63 and a 1-year high of $300.66.

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

Arthur J. Gallagher & Co. Dividend Announcement

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

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.