RFG Advisory LLC Has $1.25 Million Position in Arthur J. Gallagher & Co. $AJG

RFG Advisory LLC reduced its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 37.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,839 shares of the financial services provider’s stock after selling 2,871 shares during the period. RFG Advisory LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,252,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in Arthur J. Gallagher & Co. by 870.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Rakuten Securities Inc. raised its stake in Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter valued at $39,000. Westside Investment Management Inc. raised its stake in Arthur J. Gallagher & Co. by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 68 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Arthur J. Gallagher & Co. by 668.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 147 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Down 1.6%

NYSE AJG opened at $198.71 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $194.15 and a 1-year high of $351.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $51.09 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The firm’s fifty day simple moving average is $216.40 and its 200-day simple moving average is $237.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the business posted $3.67 earnings per share. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 13.18 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.31%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AJG. Piper Sandler cut their target price on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Cantor Fitzgerald reissued a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 30th. Citigroup raised shares of 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 note on Wednesday. Wells Fargo & Company dropped their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Moderate Buy” and an average target price of $268.00.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the transaction, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott R. Hudson sold 3,800 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the transaction, the vice president directly owned 85,920 shares in the company, valued at $19,552,814.40. The trade was a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

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.