J.W. Cole Advisors Inc. Has $211,000 Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

J.W. Cole Advisors Inc. lowered its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 939 shares of the financial services provider’s stock after selling 53 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Greenleaf Trust increased its position in Arthur J. Gallagher & Co. by 1.4% during the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after buying an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in Arthur J. Gallagher & Co. by 14.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after buying an additional 43 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Arthur J. Gallagher & Co. by 3.9% during the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock worth $280,000 after buying an additional 46 shares during the last quarter. Fidelis Capital Partners LLC increased its position in Arthur J. Gallagher & Co. by 3.7% during the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock worth $302,000 after buying an additional 47 shares during the last quarter. Finally, Cambridge Trust Co. increased its position in Arthur J. Gallagher & Co. by 5.1% during the fourth quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock worth $218,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial reissued a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. TD Cowen upped their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Royal Bank of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. Finally, Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $236.81 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $51.70 billion, a P/E ratio of 53.34, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. The firm’s fifty day simple moving average is $244.34 and its two-hundred day simple moving average is $238.92. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same quarter in the prior year, the firm earned $1.54 EPS. As a group, analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 54.05%.

Arthur J. Gallagher & Co. 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.