Landscape Capital Management L.L.C. Has $2.01 Million Position in Arthur J. Gallagher & Co. $AJG

Landscape Capital Management L.L.C. reduced its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,770 shares of the financial services provider’s stock after selling 3,106 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Arthur J. Gallagher & Co. were worth $2,011,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake 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 acquiring an additional 91 shares in the last quarter. Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. during the third quarter worth $39,000. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 acquiring an additional 147 shares in the last quarter. CVA Family Office LLC raised its stake 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 acquiring an additional 84 shares in the last quarter. Finally, Entrust Financial LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $51,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the transaction, the chief accounting officer owned 47,819 shares in the company, valued at $9,850,714. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

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. The stock has a market cap of $55.38 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.11 and a beta of 0.53. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $327.34. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.67 earnings per share. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a $0.70 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.80 annualized dividend and a yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.31%.

Analysts Set New Price Targets

Several research firms have issued reports on AJG. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Royal Bank Of Canada started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 target price on the stock. Mizuho decreased their target price on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, UBS Group upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $283.00 to $250.00 in a report on Monday, June 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.71.

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.