Raleigh Capital Management Inc. Sells 167 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Raleigh Capital Management Inc. lessened its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,876 shares of the financial services provider’s stock after selling 167 shares during the period. Raleigh Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AJG. Pinnacle Bancorp Inc. increased its position in Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after buying an additional 43 shares during the period. Forte Capital LLC ADV boosted its holdings in Arthur J. Gallagher & Co. by 1.9% in the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 44 shares during the period. Cambridge Trust Co. grew its position in shares of Arthur J. Gallagher & Co. by 5.1% during the 4th quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 47 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 1.6% during the fourth quarter. Financial Counselors Inc. now owns 3,255 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 50 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of Arthur J. Gallagher & Co. by 1.6% in the third quarter. Diversified Trust Co now owns 3,325 shares of the financial services provider’s stock valued at $758,000 after buying an additional 53 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Walter D. Bay sold 8,717 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $257.00, for a total value of $2,240,269.00. Following the completion of the transaction, the general counsel now owns 44,691 shares in the company, valued at approximately $11,485,587. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,069 shares of company stock worth $9,121,045. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AJG. Argus raised their price target on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. TD Cowen increased their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Finally, Bank of America raised their price objective on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $255.71.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $258.24 on Friday. The company has a market capitalization of $56.43 billion, a PE ratio of 52.28, a P/E/G ratio of 2.36 and a beta of 0.72. Arthur J. Gallagher & Co. has a fifty-two week low of $209.39 and a fifty-two week high of $262.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day simple moving average of $246.16 and a two-hundred day simple moving average of $241.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the firm earned $3.03 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 20.4% on a year-over-year basis. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.93%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Arthur J. Gallagher & Co. Company Profile

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.