Quadrant Capital Group LLC Has $1.95 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Quadrant Capital Group LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 38.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,076 shares of the financial services provider’s stock after purchasing an additional 1,701 shares during the period. Quadrant Capital Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,945,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SeaCrest Wealth Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 2.3% during the second quarter. SeaCrest Wealth Management LLC now owns 1,542 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 34 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in Arthur J. Gallagher & Co. by 1.3% during 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 in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 5,501 shares of the financial services provider’s stock worth $1,761,000 after purchasing an additional 35 shares during the last quarter. Tritonpoint Wealth LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the second quarter. Tritonpoint Wealth LLC now owns 3,222 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 35 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Arthur J. Gallagher & Co. by 1.2% during the second quarter. D.A. Davidson & CO. now owns 2,892 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 35 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

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

In other Arthur J. Gallagher & Co. news, VP Michael Robert Pesch purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $247.12 per share, for a total transaction of $988,480.00. Following the purchase, the vice president owned 41,849 shares in the company, valued at approximately $10,341,724.88. The trade was a 10.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Douglas K. Howell sold 8,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 100,777 shares in the company, valued at $30,186,742.58. The trade was a 7.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,105 shares of company stock worth $10,796,353 in the last three months. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $247.69 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. The firm has a market cap of $63.61 billion, a PE ratio of 35.18 and a beta of 0.71. Arthur J. Gallagher & Co. has a 1-year low of $239.47 and a 1-year high of $351.23. The company has a fifty day moving average price of $275.86 and a 200 day moving average price of $299.31.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business earned $2.26 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 20.2% compared to the same quarter last year. Research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 38.86%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a research report on Wednesday, August 13th. Citigroup reduced their target price on shares of Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Evercore ISI reduced their price target on Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $340.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Cowen restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $316.33.

Arthur J. Gallagher & Co. Profile

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.