Yousif Capital Management LLC Has $9.15 Million Stock Position in Arthur J. Gallagher & Co. $AJG

Yousif Capital Management LLC cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,543 shares of the financial services provider’s stock after selling 3,975 shares during the quarter. Yousif Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $9,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Factory Mutual Insurance Co. increased its stake in Arthur J. Gallagher & Co. by 107.1% during the second quarter. Factory Mutual Insurance Co. now owns 14,500 shares of the financial services provider’s stock valued at $4,642,000 after acquiring an additional 7,500 shares during the period. Fairfield Financial Advisors LTD raised its stake in shares of Arthur J. Gallagher & Co. by 21.4% in the second quarter. Fairfield Financial Advisors LTD now owns 9,961 shares of the financial services provider’s stock valued at $3,189,000 after purchasing an additional 1,758 shares in the last quarter. Petra Financial Advisors Inc. bought a new position in Arthur J. Gallagher & Co. in the second quarter worth $812,000. Boston Partners boosted its stake in Arthur J. Gallagher & Co. by 0.4% during the second quarter. Boston Partners now owns 735,759 shares of the financial services provider’s stock worth $234,226,000 after buying an additional 2,806 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Arthur J. Gallagher & Co. by 4.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,381,835 shares of the financial services provider’s stock valued at $762,473,000 after buying an additional 94,940 shares during the period. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AJG shares. Needham & Company LLC set a $272.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Thursday, December 18th. Keefe, Bruyette & Woods dropped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $272.00 and set a “market perform” rating for the company in a research report on Thursday, December 18th. Wolfe Research set a $289.00 price objective on Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a report on Wednesday, December 17th. Piper Sandler dropped their target price on Arthur J. Gallagher & Co. from $295.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, December 15th. Finally, Citigroup decreased their price target on Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $302.22.

Insider Activity at Arthur J. Gallagher & Co.

In other news, General Counsel Walter D. Bay sold 15,850 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $255.00, for a total transaction of $4,041,750.00. Following the transaction, the general counsel directly owned 79,549 shares in the company, valued at approximately $20,284,995. This represents a 16.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher E. Mead sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $250.74, for a total transaction of $313,425.00. Following the completion of the sale, the vice president directly owned 17,327 shares of the company’s stock, valued at approximately $4,344,571.98. This represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 23,100 shares of company stock valued at $5,921,175. Insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.2%

NYSE AJG opened at $258.70 on Wednesday. The stock’s 50 day simple moving average is $256.59 and its 200 day simple moving average is $287.95. Arthur J. Gallagher & Co. has a one year low of $236.34 and a one year high of $351.23. The firm has a market cap of $66.44 billion, a PE ratio of 38.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the firm posted $2.26 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 38.86%.

Arthur J. Gallagher & Co. 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.