Savant Capital LLC Reduces Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Savant Capital LLC lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 30.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,771 shares of the financial services provider’s stock after selling 2,527 shares during the quarter. Savant Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AJG. Signaturefd LLC grew its position 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 valued at $992,000 after purchasing an additional 39 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings 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 buying an additional 44 shares in the last quarter. ERn Financial LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.9% during the first quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock valued at $636,000 after buying an additional 47 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in Arthur J. Gallagher & Co. by 0.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock valued at $1,642,000 after acquiring an additional 48 shares in the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Arthur J. Gallagher & Co. by 0.8% during the 2nd quarter. Simplicity Wealth LLC now owns 6,469 shares of the financial services provider’s stock worth $1,677,000 after acquiring an additional 49 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Trading Down 0.1 %

NYSE AJG opened at $298.66 on Wednesday. The firm has a market cap of $65.44 billion, a PE ratio of 60.46, a price-to-earnings-growth 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. The stock has a 50-day moving average of $281.37 and a 200-day moving average of $260.29. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a report on Friday, July 26th. Argus boosted their price objective on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. BMO Capital Markets lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group increased their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $276.82.

Insider Transactions at Arthur J. Gallagher & Co.

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

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.