Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC trimmed its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,022 shares of the financial services provider’s stock after selling 38 shares during the quarter. Sivia Capital Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $26,000. Pin Oak Investment Advisors Inc. raised its holdings in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. Quarry LP acquired a new stake in Arthur J. Gallagher & Co. in the second quarter valued at about $29,000. Finally, Rakuten Securities Inc. increased its position in Arthur J. Gallagher & Co. by 580.0% during the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity

In other news, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,211,438. This trade represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AJG shares. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $292.00 to $286.00 in a research note on Friday. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. BMO Capital Markets raised their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $295.00 to $377.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $304.07.

Check Out Our Latest Analysis on Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. Trading Up 0.0 %

NYSE AJG traded up $0.08 during trading hours on Monday, hitting $287.09. 1,085,556 shares of the company’s stock were exchanged, compared to its average volume of 2,382,887. The business’s 50 day moving average is $291.69 and its 200-day moving average is $285.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 12-month low of $227.08 and a 12-month high of $316.72. The firm has a market capitalization of $71.72 billion, a P/E ratio of 54.68, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.40 annualized dividend and a yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

About Arthur J. Gallagher & Co.

(Free Report)

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.

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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