Arthur J. Gallagher & Co. $AJG Stock Holdings Reduced by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. reduced its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 21.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,138 shares of the financial services provider’s stock after selling 3,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Arthur J. Gallagher & Co. were worth $3,450,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. MGO One Seven LLC raised its position in Arthur J. Gallagher & Co. by 10.6% during the second quarter. MGO One Seven LLC now owns 3,152 shares of the financial services provider’s stock valued at $1,009,000 after acquiring an additional 301 shares in the last quarter. Moran Wealth Management LLC increased its stake in shares of Arthur J. Gallagher & Co. by 29.0% during the 2nd quarter. Moran Wealth Management LLC now owns 1,019 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 229 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 23.1% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 1,761 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 330 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 60.9% in the 2nd quarter. Harbour Investments Inc. now owns 1,475 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 558 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of Arthur J. Gallagher & Co. by 8.2% in the 2nd quarter. Ritholtz Wealth Management now owns 9,835 shares of the financial services provider’s stock valued at $3,148,000 after purchasing an additional 747 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 6,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $261.00, for a total transaction of $1,566,000.00. Following the sale, the chief accounting officer owned 50,668 shares of the company’s stock, valued at approximately $13,224,348. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total value of $1,032,440.00. Following the completion of the transaction, the vice president owned 17,327 shares of the company’s stock, valued at $4,472,271.97. The trade was a 18.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,100 shares of company stock valued at $8,243,865 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AJG. Wall Street Zen lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. UBS Group cut their price objective on Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Truist Financial set a $271.00 target price on Arthur J. Gallagher & Co. in a report on Friday, January 30th. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $311.00 to $298.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $292.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $284.12.

Arthur J. Gallagher & Co. Stock Down 0.4%

Shares of AJG stock opened at $204.54 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $195.00 and a 12 month high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $52.53 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.66. The stock has a 50 day moving average of $250.00 and a 200-day moving average of $271.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 33.9% compared to the same quarter last year. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 6th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio is 42.28%.

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.