Yousif Capital Management LLC Cuts Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Yousif Capital Management LLC decreased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,363 shares of the financial services provider’s stock after selling 1,316 shares during the period. Yousif Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,278,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Beaird Harris Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $33,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. 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 research report on Friday, March 22nd. Truist Financial reissued a “hold” rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Finally, TD Cowen boosted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $255.23.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $236.75 on Thursday. 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. has a 52-week low of $198.52 and a 52-week high of $256.10. The firm has a market cap of $51.68 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 2.24 and a beta of 0.68. The business’s fifty day moving average is $244.41 and its 200 day moving average is $238.94.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $1.54 EPS. Research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 54.05%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was 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 in the company, valued at approximately $24,666,597.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the transaction, the director now owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. 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.