Compass Ion Advisors LLC Decreases Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Compass Ion Advisors LLC lowered its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 63.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,213 shares of the financial services provider's stock after selling 2,095 shares during the quarter. Compass Ion Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $344,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Catalina Capital Group LLC grew its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock worth $959,000 after acquiring an additional 35 shares during the last quarter. Greenleaf Trust grew its position in Arthur J. Gallagher & Co. by 1.1% during the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 36 shares in the last quarter. Brendel Financial Advisors LLC raised its holdings in Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock worth $2,054,000 after buying an additional 38 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 4.4% in the third quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider's stock worth $261,000 after buying an additional 39 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Remove Ads

Insider Activity

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the sale, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,235 shares of company stock worth $7,478,224. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 1.9 %

Shares of NYSE:AJG traded up $6.31 during trading on Monday, reaching $338.10. The company's stock had a trading volume of 1,226,366 shares, compared to its average volume of 1,147,788. The stock has a market capitalization of $86.11 billion, a PE ratio of 51.86 and a beta of 0.75. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43. The firm's 50 day simple moving average is $316.96 and its two-hundred day simple moving average is $299.51. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.65 per share. The ex-dividend date was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. Arthur J. Gallagher & Co.'s payout ratio is 39.88%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AJG. Wells Fargo & Company boosted their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and lifted their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and a consensus price target of $310.43.

Arthur J. Gallagher & Co. Company 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.