Dover Advisors LLC Trims Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Dover Advisors LLC trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,087 shares of the financial services provider’s stock after selling 1,722 shares during the period. Dover Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $28,000. SJS Investment Consulting Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares during the period. Ruedi Wealth Management Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $33,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $45,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction 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 transaction, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. TD Cowen raised their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods cut their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. Finally, Truist Financial restated a “hold” rating and issued a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Stock Down 1.2 %

NYSE:AJG traded down $2.84 during trading hours on Friday, hitting $234.11. The stock had a trading volume of 1,404,187 shares, compared to its average volume of 756,403. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10. The business has a 50 day simple moving average of $244.23 and a two-hundred day simple moving average of $239.00. The company has a market cap of $51.11 billion, a PE ratio of 47.39, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 19.27%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $1.54 earnings per share. Analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

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.