Atria Investments Inc lowered its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 16.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,874 shares of the financial services provider’s stock after selling 3,638 shares during the quarter. Atria Investments Inc’s holdings in Arthur J. Gallagher & Co. were worth $4,626,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in AJG. Physician Wealth Advisors Inc. grew its holdings in Arthur J. Gallagher & Co. by 870.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. Financial Life Planners bought a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth $39,000. Westside Investment Management Inc. grew its holdings in Arthur J. Gallagher & Co. by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 68 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Arthur J. Gallagher & Co. by 668.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.
Insider Activity
In other news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. This trade represents a 17.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $227.57, for a total transaction of $864,766.00. Following the transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.
Analysts Set New Price Targets
Arthur J. Gallagher & Co. Trading Up 1.1%
NYSE:AJG opened at $199.81 on Friday. The company has a 50-day moving average price of $213.06 and a 200-day moving average price of $234.54. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $351.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $51.33 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.02 and a beta of 0.54.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period last year, the company posted $3.67 EPS. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Equities analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.
Arthur J. Gallagher & Co. Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.31%.
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.
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