53,166 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 53,166 shares of the financial services provider’s stock, valued at approximately $13,787,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the second quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 39 shares in the last quarter. Forte Capital LLC ADV lifted its stake in shares of Arthur J. Gallagher & Co. by 1.9% in the fourth quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after buying an additional 44 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Arthur J. Gallagher & Co. by 4.7% during the first quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 44 shares in the last quarter. ERn Financial LLC raised its holdings in Arthur J. Gallagher & Co. by 1.9% in the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 47 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 0.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock valued at $1,642,000 after purchasing an additional 48 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the sale, the vice president now directly owns 93,730 shares in the company, valued at $24,693,168.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the transaction, the vice president now directly owns 93,730 shares in the company, valued at approximately $24,693,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Walter D. Bay sold 8,303 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $262.74, for a total value of $2,181,530.22. Following the completion of the transaction, the general counsel now directly owns 36,388 shares in the company, valued at approximately $9,560,583.12. The disclosure for this sale can be found here. Insiders sold 48,348 shares of company stock valued at $13,342,910 in the last 90 days. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.4 %

Shares of Arthur J. Gallagher & Co. stock opened at $292.57 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.05 and a current ratio of 1.04. The company has a fifty day moving average of $276.31 and a 200 day moving average of $257.33. The company has a market capitalization of $63.93 billion, a P/E ratio of 59.26, a P/E/G ratio of 2.41 and a beta of 0.72. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $294.00.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. During the same quarter last year, the business posted $1.90 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.15 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AJG. Bank of America upped their price target on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a report on Wednesday, May 22nd. UBS Group increased their price objective on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Bank Of America (Bofa) increased their price target on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Piper Sandler raised their target price on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, TD Cowen raised their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $275.38.

About Arthur J. Gallagher & Co.

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.