Clifford Swan Investment Counsel LLC Sells 182 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Clifford Swan Investment Counsel LLC trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,084 shares of the financial services provider’s stock after selling 182 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Arthur J. Gallagher & Co. were worth $694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. increased its stake in 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 worth $514,000 after purchasing an additional 88 shares during the period. Fidelis Capital Partners LLC raised its holdings in Arthur J. Gallagher & Co. by 3.7% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after buying an additional 47 shares during the last quarter. Mackenzie Financial Corp boosted its position in Arthur J. Gallagher & Co. by 16.1% during the 4th quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after buying an additional 15,528 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $2,946,000. Finally, Legato Capital Management LLC raised its stake in shares of Arthur J. Gallagher & Co. by 43.7% during the fourth quarter. Legato Capital Management LLC now owns 13,495 shares of the financial services provider’s stock valued at $3,035,000 after acquiring an additional 4,102 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on AJG shares. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Piper Sandler reduced their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Jefferies Financial Group lowered 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 note on Tuesday, January 9th. Truist Financial reiterated a “hold” rating and issued a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Finally, TD Cowen boosted their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $255.31.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded up $4.29 during trading hours on Monday, hitting $243.01. 530,314 shares of the company’s stock traded hands, compared to its average volume of 865,306. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10. The firm has a market capitalization of $53.10 billion, a P/E ratio of 48.32, a P/E/G ratio of 2.23 and a beta of 0.69. The business’s fifty day moving average price is $243.70 and its two-hundred day moving average price is $239.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $3.03 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.08 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now directly 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 SEC, which is available at this link. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, the director now owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,016 shares of company stock valued at $7,176,180. Company insiders own 1.60% of the company’s stock.

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.