Oddo BHF Asset Management Sas Reduces Position in Arthur J. Gallagher & Co. $AJG

Oddo BHF Asset Management Sas cut its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 66.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,700 shares of the financial services provider’s stock after selling 3,303 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Arthur J. Gallagher & Co. were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in Arthur J. Gallagher & Co. by 1.4% during the third quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 41 shares during the last quarter. AMG National Trust Bank lifted its holdings in Arthur J. Gallagher & Co. by 2.7% during the third quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 42 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in Arthur J. Gallagher & Co. by 2.9% during the third quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 43 shares during the last quarter. KCM Investment Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 4.1% during the third quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 44 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Arthur J. Gallagher & Co. by 0.4% during the fourth quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after purchasing an additional 45 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Trading Up 0.2%

Shares of Arthur J. Gallagher & Co. stock opened at $216.16 on Wednesday. Arthur J. Gallagher & Co. has a 12-month low of $190.75 and a 12-month high of $327.34. The company has a market cap of $55.53 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.09 and a beta of 0.52. 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 company’s 50-day moving average price is $210.90 and its 200-day moving average price is $227.44.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 earnings per share. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors 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 1.3%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.31%.

Analysts Set New Price Targets

Several research firms have commented on AJG. Truist Financial dropped their price objective on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Morgan Stanley lowered their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Mizuho lowered their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Keefe, Bruyette & Woods lowered their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a report on Friday, May 1st. Finally, Jefferies Financial Group raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $235.00 to $265.00 in a report on Thursday, June 11th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.71.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value of $618,000.00. Following the transaction, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.