Talbot Financial LLC Grows Position in Arthur J. Gallagher & Co. $AJG

Talbot Financial LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,090 shares of the financial services provider’s stock after buying an additional 5,185 shares during the quarter. Talbot Financial LLC’s holdings in Arthur J. Gallagher & Co. were worth $12,193,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider’s stock valued at $1,001,000 after purchasing an additional 31 shares during the last quarter. Menard Financial Group LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 0.8% in the 1st quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 32 shares during the last quarter. Allen Capital Group LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 2.1% in the 1st quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 33 shares during the last quarter. City Holding Co. lifted its stake in shares of Arthur J. Gallagher & Co. by 3.1% in the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 34.3% in the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the completion of the sale, the vice president owned 85,920 shares of the company’s stock, valued at approximately $25,569,792. The trade was a 13.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Douglas K. Howell sold 8,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the sale, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at approximately $30,186,742.58. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,855 shares of company stock valued at $8,916,928. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Trading Up 0.7%

Shares of NYSE:AJG opened at $310.95 on Friday. Arthur J. Gallagher & Co. has a 12-month low of $275.56 and a 12-month high of $351.23. The business’s fifty day simple moving average is $297.60 and its 200-day simple moving average is $316.67. The company has a market capitalization of $79.73 billion, a PE ratio of 44.17 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the business posted $2.29 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Arthur J. Gallagher & Co.’s payout ratio is currently 36.93%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AJG shares. The Goldman Sachs Group started coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $344.00 price objective for the company. Wall Street Zen raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. UBS Group raised their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $288.00 to $298.00 and gave the stock a “market perform” rating in a research note on Friday, September 19th. Finally, Piper Sandler decreased their price target on Arthur J. Gallagher & Co. from $352.00 to $340.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $328.80.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.