Bank of New Hampshire Decreases Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Bank of New Hampshire trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the financial services provider’s stock after selling 45 shares during the period. Bank of New Hampshire’s holdings in Arthur J. Gallagher & Co. were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AJG. Beaird Harris Wealth Management LLC boosted its position in Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Arthur J. Gallagher & Co. in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. lifted its holdings in Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in Arthur J. Gallagher & Co. in the 3rd quarter worth $45,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AJG. TD Cowen boosted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Royal Bank of Canada upped 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 note on Friday, March 22nd. Keefe, Bruyette & Woods cut their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their target price for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, Truist Financial reiterated a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $255.23.

Insider Activity

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

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded up $0.24 on Thursday, hitting $237.05. The stock had a trading volume of 600,397 shares, compared to its average volume of 862,149. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market cap of $51.75 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 2.24 and a beta of 0.68. The company’s 50-day moving average is $244.41 and its two-hundred day moving average is $238.94.

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

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 54.05%.

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.