GW Henssler & Associates Ltd. Sells 48 Shares of Arthur J. Gallagher & Co. $AJG

GW Henssler & Associates Ltd. decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 6.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 675 shares of the financial services provider’s stock after selling 48 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Arthur J. Gallagher & Co. were worth $216,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. HWG Holdings LP bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $25,000. AlphaQuest LLC bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $33,000. Saudi Central Bank bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $34,000. Centennial Bank AR bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $38,000. Finally, Motco grew its stake in shares of Arthur J. Gallagher & Co. by 700.0% during the first quarter. Motco now owns 112 shares of the financial services provider’s stock valued at $39,000 after buying an additional 98 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.2%

Shares of NYSE AJG opened at $301.75 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $77.37 billion, a PE ratio of 42.86 and a beta of 0.73. The stock’s fifty day simple moving average is $299.11 and its two-hundred day simple moving average is $315.45. Arthur J. Gallagher & Co. has a 12-month low of $275.56 and a 12-month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS. As a group, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 36.93%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group boosted their price target on Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $352.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Citigroup began coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $317.00 price objective on the stock. Cantor Fitzgerald raised Arthur J. Gallagher & Co. to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Erste Group Bank reissued a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.43.

Insiders Place Their Bets

In other news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the completion of the sale, the chief financial officer owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 12,855 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at $25,569,792. The trade was a 13.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,855 shares of company stock valued at $8,916,928 in the last three months. Insiders own 1.30% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.