Hantz Financial Services Inc. Has $14.62 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Hantz Financial Services Inc. trimmed its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,956 shares of the financial services provider’s stock after selling 1,210 shares during the quarter. Hantz Financial Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $14,619,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AJG. Tidal Investments LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 132.1% during the first quarter. Tidal Investments LLC now owns 7,189 shares of the financial services provider’s stock valued at $1,798,000 after purchasing an additional 4,092 shares in the last quarter. Swedbank AB acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $3,297,000. Atria Investments Inc boosted its stake in shares of Arthur J. Gallagher & Co. by 6.3% during the first quarter. Atria Investments Inc now owns 25,161 shares of the financial services provider’s stock valued at $6,291,000 after purchasing an additional 1,499 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Arthur J. Gallagher & Co. by 165.9% during the first quarter. Cetera Investment Advisers now owns 54,449 shares of the financial services provider’s stock valued at $13,615,000 after purchasing an additional 33,972 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 113.9% during the first quarter. Cetera Advisors LLC now owns 13,926 shares of the financial services provider’s stock worth $3,482,000 after acquiring an additional 7,415 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In related news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares in the company, valued at approximately $9,853,685.40. The trade was a 17.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,625,146.84. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,900 shares of company stock worth $6,892,280. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $315.16 on Friday. The firm has a market cap of $69.15 billion, a PE ratio of 60.03, a PEG ratio of 2.61 and a beta of 0.72. The stock’s fifty day moving average price is $290.17 and its two-hundred day moving average price is $278.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $315.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.26. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 earnings per share. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.12 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s payout ratio is presently 45.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Bank of America lifted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday. Piper Sandler lifted their target price on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets lifted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $291.64.

Arthur J. Gallagher & Co. Company 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.