Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 95,418 shares of the financial services provider’s stock after selling 1,246 shares during the period. Calamos Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $21,458,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 4.0% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $514,000 after buying an additional 88 shares during the period. Fidelis Capital Partners LLC lifted its position in Arthur J. Gallagher & Co. by 3.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 47 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $2,946,000. Legato Capital Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 43.7% during the 4th quarter. Legato Capital Management LLC now owns 13,495 shares of the financial services provider’s stock worth $3,035,000 after buying an additional 4,102 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc raised its position in shares of Arthur J. Gallagher & Co. by 7.4% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,913 shares of the financial services provider’s stock worth $892,000 after buying an additional 268 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen boosted 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 dropped their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Truist Financial restated a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $255.23.

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

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the sale, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the transaction, the vice president now directly owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Up 0.5 %

AJG traded up $1.22 on Friday, reaching $235.21. 124,373 shares of the company traded hands, compared to its average volume of 863,305. The stock’s 50 day moving average price is $244.43 and its 200-day moving average price is $238.61. Arthur J. Gallagher & Co. has a 52-week low of $198.52 and a 52-week high of $256.10. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 2.17 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $1.54 earnings per share. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, February 29th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

Arthur J. Gallagher & Co. 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.