Sanctuary Advisors LLC Sells 29,272 Shares of Arthur J. Gallagher & Co. $AJG

Sanctuary Advisors LLC reduced its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 60.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,789 shares of the financial services provider’s stock after selling 29,272 shares during the period. Sanctuary Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $4,862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AJG. Physician Wealth Advisors Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Rakuten Securities Inc. boosted its position in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Financial Life Planners bought a new stake in Arthur J. Gallagher & Co. during the third quarter valued at about $39,000. Westside Investment Management Inc. boosted its position in Arthur J. Gallagher & Co. by 100.0% during the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 68 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Arthur J. Gallagher & Co. by 668.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Trading Down 0.9%

Arthur J. Gallagher & Co. stock opened at $211.51 on Thursday. The stock has a 50-day moving average of $217.48 and a two-hundred day moving average of $240.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $195.00 and a one year high of $351.23. The stock has a market cap of $54.38 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business posted $1.12 earnings per share. The firm’s revenue was up 33.9% compared to the same quarter last year. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 13.19 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.70 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AJG. UBS Group dropped their price objective on Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $249.00 to $226.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $292.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, January 7th. Royal Bank Of Canada began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 price objective on the stock. Finally, Jefferies Financial Group dropped their price objective on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.94.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the 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 transaction, the vice president directly owned 19,306 shares in the company, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

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.