Roundview Capital LLC Has $618,000 Position in Arthur J. Gallagher & Co. $AJG

Roundview Capital LLC cut its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 55.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,388 shares of the financial services provider’s stock after selling 2,988 shares during the quarter. Roundview Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock worth $949,000 after buying an additional 41 shares during the period. AMG National Trust Bank lifted its holdings in Arthur J. Gallagher & Co. by 2.7% during the 3rd quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock worth $501,000 after buying an additional 42 shares during the period. Journey Strategic Wealth LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 2.9% in the 3rd quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 43 shares during the period. KCM Investment Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 4.1% in the 3rd quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 44 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in shares of Arthur J. Gallagher & Co. by 0.4% in the 4th quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after purchasing an additional 45 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the transaction, the vice president owned 85,920 shares in the company, valued at $19,552,814.40. The trade was a 4.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares in the company, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $202.90 on Thursday. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $351.23. The stock’s 50 day moving average price is $211.41 and its 200-day moving average price is $231.48. The company has a market capitalization of $52.13 billion, a PE ratio of 32.83, a PEG ratio of 1.04 and a beta of 0.54. 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 announced its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the previous year, the business earned $3.67 EPS. The company’s revenue was up 29.0% compared to the same quarter last year. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 45.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AJG shares. Jefferies Financial Group dropped their price objective on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. BMO Capital Markets raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $278.00 in a research note on Tuesday, March 24th. Truist Financial dropped their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, Mizuho dropped their price objective on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $264.00.

About Arthur J. Gallagher & Co.

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.