QRG Capital Management Inc. Decreases Stock Holdings in Arthur J. Gallagher & Co. $AJG

QRG Capital Management Inc. lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 44.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,051 shares of the financial services provider’s stock after selling 4,123 shares during the period. QRG Capital Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. J.Safra Asset Management Corp increased its holdings in Arthur J. Gallagher & Co. by 209.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 69 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the period. Steph & Co. acquired a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $40,000. Central Pacific Bank Trust Division lifted its position in Arthur J. Gallagher & Co. by 40.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 39 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total value of $1,032,440.00. Following the sale, the vice president directly owned 17,327 shares in the company, valued at $4,472,271.97. This trade represents a 18.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael Robert Pesch bought 4,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $247.12 per share, with a total value of $988,480.00. Following the transaction, the vice president owned 41,849 shares in the company, valued at $10,341,724.88. The trade was a 10.57% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 32,100 shares of company stock valued at $8,243,865 over the last ninety days. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

AJG has been the topic of a number of recent research reports. Piper Sandler cut shares of Arthur J. Gallagher & Co. from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $276.00 to $272.00 in a research report on Wednesday, January 7th. Wolfe Research set a $289.00 price objective on shares of Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Citigroup reduced their price target on Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. UBS Group cut their target price on Arthur J. Gallagher & Co. from $329.00 to $285.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Evercore ISI decreased their price target on shares of Arthur J. Gallagher & Co. from $353.00 to $334.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $290.50.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $254.84 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $65.44 billion, a price-to-earnings ratio of 38.09 and a beta of 0.67. Arthur J. Gallagher & Co. has a twelve month low of $236.34 and a twelve month high of $351.23. The business has a 50 day simple moving average of $254.11 and a 200-day simple moving average of $279.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.19). Arthur J. Gallagher & Co. had a return on equity of 11.98% and a net margin of 13.58%.The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the business earned $2.26 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

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

Arthur J. Gallagher & Co. Profile

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.