Prescott Group Capital Management L.L.C. Has $4.53 Million Position in Arthur J. Gallagher & Co. $AJG

Prescott Group Capital Management L.L.C. grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,138 shares of the financial services provider’s stock after purchasing an additional 392 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Arthur J. Gallagher & Co. were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $33,000. Saudi Central Bank acquired a new position in Arthur J. Gallagher & Co. in the first quarter worth $34,000. J.Safra Asset Management Corp grew its holdings in shares of Arthur J. Gallagher & Co. by 209.1% during the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 69 shares during the last quarter. Motco increased its stake in shares of Arthur J. Gallagher & Co. by 700.0% in 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 in the last quarter. Finally, SouthState Corp acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $39,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $299.54, for a total value of $2,396,320.00. Following the completion of the transaction, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at approximately $30,186,742.58. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Robert Pesch bought 4,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $247.12 per share, for a total transaction of $988,480.00. Following the completion of the acquisition, the vice president owned 41,849 shares of the company’s stock, valued at $10,341,724.88. The trade was a 10.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 29,855 shares of company stock worth $8,916,928. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AJG. Keefe, Bruyette & Woods cut their price target on Arthur J. Gallagher & Co. from $315.00 to $275.00 and set a “market perform” rating on the stock in a research note on Friday, October 31st. UBS Group boosted their price target on shares of Arthur J. Gallagher & Co. from $322.00 to $329.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Arthur J. Gallagher & Co. from $365.00 to $366.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and an average price target of $323.73.

Arthur J. Gallagher & Co. Trading Up 1.8%

AJG opened at $249.75 on Friday. 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 $64.04 billion, a P/E ratio of 35.48 and a beta of 0.71. The firm’s fifty day simple moving average is $289.46 and its 200 day simple moving average is $307.23. Arthur J. Gallagher & Co. has a 12 month low of $239.47 and a 12 month high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.19). The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.26 earnings per share. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 38.86%.

Arthur J. Gallagher & Co. Profile

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.