Ballew Advisors Inc Sells 556 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Ballew Advisors Inc decreased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,721 shares of the financial services provider’s stock after selling 556 shares during the quarter. Arthur J. Gallagher & Co. accounts for about 3.6% of Ballew Advisors Inc’s investment portfolio, making the stock its 5th largest holding. Ballew Advisors Inc’s holdings in Arthur J. Gallagher & Co. were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenleaf Trust raised its holdings in Arthur J. Gallagher & Co. by 1.4% during the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock valued at $676,000 after buying an additional 42 shares in the last quarter. Berkshire Asset Management LLC PA increased its stake in Arthur J. Gallagher & Co. by 3.6% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 1,288 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 45 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares during the period. Fidelis Capital Partners LLC increased its stake in Arthur J. Gallagher & Co. by 3.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after buying an additional 47 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 7.9% during the 3rd quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock worth $149,000 after buying an additional 48 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Up 0.9 %

Arthur J. Gallagher & Co. stock traded up $2.27 during trading hours on Thursday, hitting $250.06. The company had a trading volume of 960,704 shares, compared to its average volume of 888,885. The firm has a market cap of $54.59 billion, a P/E ratio of 56.32, a P/E/G ratio of 2.36 and a beta of 0.68. The company has a 50-day moving average price of $242.65 and a two-hundred day moving average price of $237.63. Arthur J. Gallagher & Co. has a 1 year low of $186.88 and a 1 year high of $256.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $1.54 EPS. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.60 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a dividend yield of 0.96%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s payout ratio is currently 54.05%.

Insider Activity

In other news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the transaction, the vice president now directly owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the sale, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,016 shares of company stock worth $7,176,180. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AJG. Raymond James downgraded shares of Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, December 12th. TD Cowen started coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, January 10th. They set a “market perform” rating and a $249.00 target price for the company. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their target price for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, Truist Financial restated a “buy” rating and set a $280.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $255.77.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.