Landscape Capital Management L.L.C. Sells 3,106 Shares of Arthur J. Gallagher & Co. $AJG

Landscape Capital Management L.L.C. lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,770 shares of the financial services provider’s stock after selling 3,106 shares during the period. Landscape Capital Management L.L.C.’s holdings in Arthur J. Gallagher & Co. were worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the last quarter. Financial Life Planners bought a new position in Arthur J. Gallagher & Co. during the third quarter worth about $39,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Arthur J. Gallagher & Co. by 668.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after buying an additional 147 shares during the last quarter. CVA Family Office LLC boosted its holdings in Arthur J. Gallagher & Co. by 84.8% during the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after buying an additional 84 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $51,000. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the sale, the chief accounting officer owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This trade represents a 5.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the topic of a number of research analyst reports. Citigroup raised Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays raised their price target on Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Jefferies Financial Group raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $235.00 to $265.00 in a research report on Thursday. Finally, Truist Financial dropped their price target on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $263.71.

Arthur J. Gallagher & Co. Stock Down 1.4%

Shares of Arthur J. Gallagher & Co. stock opened at $215.56 on Tuesday. The business’s 50 day simple moving average is $210.93 and its 200 day simple moving average is $227.67. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $327.34. The firm has a market cap of $55.38 billion, a PE ratio of 34.88, a P/E/G ratio of 1.11 and a beta of 0.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the firm earned $3.67 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, analysts predict that Arthur J. Gallagher & Co. will post 13.27 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, June 19th. Investors of record on Friday, June 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.31%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.