Sanctuary Advisors LLC Has $3.61 Million Stock Holdings in Arthur J. Gallagher & Co. $AJG

Sanctuary Advisors LLC trimmed its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.4% during the first quarter, Holdings Channel reports. The firm 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 hedge funds have also modified their holdings of AJG. IFP Advisors Inc lifted its position in shares of Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock worth $949,000 after buying an additional 41 shares during the period. Ritholtz Wealth Management grew its position in Arthur J. Gallagher & Co. by 0.4% in the fourth quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after acquiring an additional 45 shares during the period. CYBER HORNET ETFs LLC raised its stake in Arthur J. Gallagher & Co. by 7.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 46 shares in the last quarter. SC&H Financial Advisors Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.8% during the fourth quarter. SC&H Financial Advisors Inc. now owns 862 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 47 shares during the period. Finally, Allen Capital Group LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 2.5% in the 4th quarter. Allen Capital Group LLC now owns 1,895 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 47 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AJG. Mizuho lifted their price target on shares of Arthur J. Gallagher & Co. from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $280.00 to $250.00 in a research note on Wednesday, May 6th. BMO Capital Markets raised Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $242.00 to $261.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Finally, Truist Financial cut their price objective on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.35.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock opened at $254.36 on Monday. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $316.71. 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 firm’s 50 day moving average is $221.35 and its 200-day moving average is $225.41. The firm has a market capitalization of $65.35 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 1.31 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the business posted $3.67 earnings per share. Arthur J. Gallagher & Co.’s revenue for the quarter was up 29.0% compared to the same quarter last year. Sell-side analysts forecast that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

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

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total value of $618,000.00. Following the completion of the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at $9,850,714. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.