Hantz Financial Services Inc. Reduces Stock Holdings in Arthur J. Gallagher & Co. $AJG

Hantz Financial Services Inc. trimmed its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,396 shares of the financial services provider’s stock after selling 5,445 shares during the quarter. Hantz Financial Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $6,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $2,825,000. Qube Research & Technologies Ltd purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $3,429,000. Treasurer of the State of North Carolina grew its stake in Arthur J. Gallagher & Co. by 5.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 118,467 shares of the financial services provider’s stock valued at $37,924,000 after purchasing an additional 5,947 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in Arthur J. Gallagher & Co. by 2,919.2% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 19,987 shares of the financial services provider’s stock valued at $6,398,000 after purchasing an additional 19,325 shares during the last quarter. Finally, Armistice Capital LLC purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $412,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on AJG shares. Mizuho dropped their price target on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. UBS Group set a $240.00 price target on Arthur J. Gallagher & Co. in a research note on Thursday. Wells Fargo & Company dropped their price target on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Wall Street Zen upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Piper Sandler lowered their target price on Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.00.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 3,800 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $227.12, for a total value of $908,480.00. Following the completion of the transaction, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.1%

Shares of AJG opened at $204.89 on Tuesday. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $351.23. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $52.64 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 1.04 and a beta of 0.54. The stock’s 50-day moving average price is $211.66 and its 200-day moving average price is $232.09.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the business earned $3.67 earnings per share. The company’s revenue was up 29.0% compared to the same quarter last year. On average, sell-side analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.31%.

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.