Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.8% in the second quarter, Holdings Channel.com reports. The firm owned 26,182 shares of the financial services provider’s stock after selling 767 shares during the period. Pacer Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $6,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Gilbert & Cook Inc. boosted its position in Arthur J. Gallagher & Co. by 5.0% during the 4th quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 259 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $264,000. D.A. Davidson & CO. increased its stake in Arthur J. Gallagher & Co. by 28.6% in the 4th quarter. D.A. Davidson & CO. now owns 2,899 shares of the financial services provider’s stock valued at $652,000 after buying an additional 645 shares during the period. Orion Portfolio Solutions LLC lifted its position in Arthur J. Gallagher & Co. by 5.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 9,731 shares of the financial services provider’s stock worth $2,227,000 after buying an additional 483 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 40.8% during the 4th quarter. Advisory Services Network LLC now owns 11,082 shares of the financial services provider’s stock valued at $2,492,000 after acquiring an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the sale, the general counsel now owns 30,053 shares in the company, valued at $8,536,855.18. 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, General Counsel Walter D. Bay sold 6,335 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the sale, the general counsel now directly owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 8,710 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total value of $2,482,959.70. Following the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,654,772.41. The disclosure for this sale can be found here. Insiders have sold 44,145 shares of company stock worth $12,622,660 over the last three months. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial boosted their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday. Jefferies Financial Group raised their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Piper Sandler boosted their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the company an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $282.93.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $281.93 on Tuesday. The stock has a 50-day simple moving average of $285.71 and a 200 day simple moving average of $263.17. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04. The stock has a market capitalization of $61.60 billion, a PE ratio of 57.07, a P/E/G ratio of 2.47 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 earnings per share. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. Arthur J. Gallagher & Co.’s payout ratio is 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.