Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC trimmed its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,400 shares of the financial services provider’s stock after selling 705 shares during the period. J. W. Coons Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AJG. Allspring Global Investments Holdings LLC boosted its position in Arthur J. Gallagher & Co. by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,216 shares of the financial services provider’s stock worth $2,874,000 after purchasing an additional 48 shares in the last quarter. International Assets Investment Management LLC boosted its position in Arthur J. Gallagher & Co. by 29,927.4% during the third quarter. International Assets Investment Management LLC now owns 232,412 shares of the financial services provider’s stock worth $65,394,000 after purchasing an additional 231,638 shares in the last quarter. Brighton Jones LLC boosted its position in Arthur J. Gallagher & Co. by 16.6% during the third quarter. Brighton Jones LLC now owns 946 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 135 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Arthur J. Gallagher & Co. by 47.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,547 shares of the financial services provider’s stock worth $1,842,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in Arthur J. Gallagher & Co. by 7.2% during the third quarter. Ballentine Partners LLC now owns 1,165 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 78 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $325.28 on Monday. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $329.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The stock has a market cap of $82.85 billion, a PE ratio of 49.89 and a beta of 0.77. The stock has a 50 day moving average price of $297.95 and a 200 day moving average price of $293.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results 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%. Equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Analysts Set New Price Targets

AJG has been the topic of a number of recent analyst reports. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Barclays raised their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $307.00.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the sale, the director now directly owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock valued at $4,972,964 over the last quarter. 1.60% of the stock is owned by insiders.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.