Atria Investments Inc Sells 3,889 Shares of Arthur J. Gallagher & Co. $AJG

Atria Investments Inc lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,512 shares of the financial services provider’s stock after selling 3,889 shares during the quarter. Atria Investments Inc’s holdings in Arthur J. Gallagher & Co. were worth $6,663,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AJG. MGO One Seven LLC increased its holdings in Arthur J. Gallagher & Co. by 10.6% in the 2nd quarter. MGO One Seven LLC now owns 3,152 shares of the financial services provider’s stock worth $1,009,000 after buying an additional 301 shares during the period. Moran Wealth Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 29.0% during the 2nd quarter. Moran Wealth Management LLC now owns 1,019 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 229 shares during the last quarter. Sagespring Wealth Partners LLC boosted its stake in Arthur J. Gallagher & Co. by 23.1% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 1,761 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 330 shares during the last quarter. Harbour Investments Inc. grew its stake in Arthur J. Gallagher & Co. by 60.9% during the 2nd quarter. Harbour Investments Inc. now owns 1,475 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 558 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth $736,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Needham & Company LLC set a $272.00 price target on Arthur J. Gallagher & Co. in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 29th. Truist Financial set a $271.00 price target on Arthur J. Gallagher & Co. in a report on Friday, January 30th. Citigroup raised their price objective on Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, UBS Group decreased their price target on shares of Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $284.12.

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

In other news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total transaction of $1,032,440.00. Following the completion of the transaction, the vice president owned 17,327 shares in the company, valued at approximately $4,472,271.97. This trade represents a 18.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Douglas K. Howell sold 5,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $258.05, for a total value of $1,290,250.00. Following the sale, the chief financial officer owned 95,777 shares in the company, valued at approximately $24,715,254.85. The trade was a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,100 shares of company stock valued at $8,243,865 over the last 90 days. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 1.7%

AJG stock opened at $208.22 on Friday. The firm has a 50 day simple moving average of $249.37 and a 200-day simple moving average of $270.81. Arthur J. Gallagher & Co. has a twelve month low of $195.00 and a twelve month high of $351.23. The company has a market capitalization of $53.47 billion, a P/E ratio of 33.86, a PEG ratio of 1.11 and a beta of 0.66. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The business’s revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.53%.

Arthur J. Gallagher & Co. Company 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.