Arthur J. Gallagher & Co. $AJG Shares Sold by Fiduciary Family Office LLC

Fiduciary Family Office LLC cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 10.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 871 shares of the financial services provider’s stock after selling 97 shares during the period. Fiduciary Family Office LLC’s holdings in Arthur J. Gallagher & Co. were worth $279,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider’s stock valued at $1,001,000 after purchasing an additional 31 shares during the last quarter. Menard Financial Group LLC increased its position in shares of Arthur J. Gallagher & Co. by 0.8% in the 1st quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 32 shares during the last quarter. Allen Capital Group LLC increased its position in shares of Arthur J. Gallagher & Co. by 2.1% in the 1st quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 33 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 2.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 1,542 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 34 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of Arthur J. Gallagher & Co. by 1.3% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 2,746 shares of the financial services provider’s stock valued at $948,000 after purchasing an additional 35 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on AJG. Piper Sandler dropped their price objective on shares of Arthur J. Gallagher & Co. from $352.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. UBS Group increased their price objective on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the company a “market perform” rating in a research report on Friday, September 19th. Finally, Citigroup assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $317.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and an average target price of $331.43.

Arthur J. Gallagher & Co. Trading Down 0.2%

Shares of Arthur J. Gallagher & Co. stock opened at $278.75 on Wednesday. Arthur J. Gallagher & Co. has a 1 year low of $275.56 and a 1 year high of $351.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $71.47 billion, a P/E ratio of 39.59 and a beta of 0.73. The company’s fifty day moving average is $299.11 and its two-hundred day moving average is $313.13.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 36.93%.

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

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the transaction, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at approximately $30,186,742.58. This trade represents a 7.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $25,569,792. The trade was a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,855 shares of company stock worth $8,916,928 over the last three months. 1.30% of the stock is currently owned by insiders.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.