Sanctuary Advisors LLC Sells 2,136 Shares of Arthur J. Gallagher & Co. $AJG

Sanctuary Advisors LLC lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,653 shares of the financial services provider’s stock after selling 2,136 shares during the period. Sanctuary Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $3,607,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dearborn Partners LLC raised its stake in shares of Arthur J. Gallagher & Co. by 6.3% in the 4th quarter. Dearborn Partners LLC now owns 133,936 shares of the financial services provider’s stock valued at $34,661,000 after acquiring an additional 7,946 shares in the last quarter. Professional Advisory Services Inc. grew its holdings in Arthur J. Gallagher & Co. by 12.2% during the fourth quarter. Professional Advisory Services Inc. now owns 78,448 shares of the financial services provider’s stock valued at $20,302,000 after purchasing an additional 8,539 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $3,571,000. GuoLine Advisory Pte Ltd bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $13,561,000. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Arthur J. Gallagher & Co. by 40.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 154,404 shares of the financial services provider’s stock worth $39,965,000 after buying an additional 44,824 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, CAO Richard C. Cary sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.2%

Shares of AJG opened at $254.36 on Monday. The company has a 50-day simple moving average of $221.35 and a 200-day simple moving average of $225.41. The firm has a market capitalization of $65.35 billion, a P/E ratio of 41.16, a P/E/G ratio of 1.31 and a beta of 0.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $316.71.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the business earned $3.67 earnings per share. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 13.22 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Analyst Ratings Changes

Several brokerages recently commented on AJG. Cantor Fitzgerald lifted their target price on shares of Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Truist Financial decreased their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a report on Friday, May 1st. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $271.00 to $299.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley lifted their price objective on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.35.

About Arthur J. Gallagher & Co.

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.