Ballew Advisors Inc Has $4.84 Million Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Ballew Advisors Inc cut its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,721 shares of the financial services provider’s stock after selling 556 shares during the period. Arthur J. Gallagher & Co. comprises approximately 3.6% of Ballew Advisors Inc’s investment portfolio, making the stock its 5th biggest position. Ballew Advisors Inc’s holdings in Arthur J. Gallagher & Co. were worth $4,838,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AJG. Beaird Harris Wealth Management LLC increased its position in Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter worth about $28,000. SJS Investment Consulting Inc. grew its position in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $38,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.9 %

Shares of Arthur J. Gallagher & Co. stock traded up $2.27 during trading hours on Thursday, reaching $250.06. The company’s stock had a trading volume of 960,704 shares, compared to its average volume of 888,885. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $54.59 billion, a P/E ratio of 56.32, a P/E/G ratio of 2.36 and a beta of 0.68. The stock’s fifty day simple moving average is $242.65 and its two-hundred day simple moving average is $237.63. Arthur J. Gallagher & Co. has a one year low of $186.88 and a one year high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business earned $1.54 earnings per share. On average, research analysts forecast that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.60 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

Analyst Upgrades and Downgrades

AJG has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their target price for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Keefe, Bruyette & Woods decreased their price target on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating for the company in a report on Friday, January 26th. Truist Financial restated a “buy” rating and set a $280.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Tuesday. Finally, Raymond James downgraded Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $255.77.

Insider Buying and Selling

In other news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 in the last 90 days. Insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.