Gunderson Capital Management Inc. Reduces Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Gunderson Capital Management Inc. trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 64.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,179 shares of the financial services provider’s stock after selling 23,790 shares during the quarter. Arthur J. Gallagher & Co. accounts for approximately 1.8% of Gunderson Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Gunderson Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $3,741,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Pin Oak Investment Advisors Inc. raised its position in Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares during the last quarter. Quarry LP purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $29,000. Finally, Rakuten Securities Inc. grew its position in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $285.67 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $71.36 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. Arthur J. Gallagher & Co. has a one year low of $227.08 and a one year high of $316.72. The company’s 50-day moving average is $291.77 and its 200 day moving average is $286.12.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the previous year, the business earned $2.00 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.12 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.60 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.40 annualized dividend and a yield of 0.84%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AJG shares. Bank of America raised their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial boosted their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, September 20th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research report on Monday, November 25th. Finally, Barclays raised their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $304.07.

Insiders Place Their Bets

In related news, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,626,666.10. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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.