Talbot Financial LLC Sells 6,347 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Talbot Financial LLC decreased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,328 shares of the financial services provider’s stock after selling 6,347 shares during the period. Talbot Financial LLC’s holdings in Arthur J. Gallagher & Co. were worth $8,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UBS Group AG boosted its stake in shares of Arthur J. Gallagher & Co. by 8.5% during the fourth quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after purchasing an additional 28,359 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 4.0% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 88 shares during the period. Brookstone Capital Management boosted its stake in shares of Arthur J. Gallagher & Co. by 70.4% during the first quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after purchasing an additional 5,308 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Arthur J. Gallagher & Co. by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock valued at $25,206,000 after purchasing an additional 15,528 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $979,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of a number of research reports. Truist Financial reaffirmed a “hold” rating and issued a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $282.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. TD Cowen upped their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Bank of America upped their price objective on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $263.00.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the completion of the transaction, the vice president now directly owns 93,730 shares of the company’s stock, valued at approximately $24,693,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Walter D. Bay sold 8,303 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $262.74, for a total transaction of $2,181,530.22. Following the sale, the general counsel now owns 36,388 shares of the company’s stock, valued at approximately $9,560,583.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott R. Hudson sold 10,000 shares of the firm’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 approximately $24,693,168.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,165 shares of company stock valued at $13,629,049. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock traded down $0.09 during midday trading on Monday, hitting $259.22. The company had a trading volume of 581,455 shares, compared to its average volume of 865,529. The stock has a market cap of $56.64 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 2.32 and a beta of 0.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $251.09 and a 200 day simple moving average of $242.53. Arthur J. Gallagher & Co. has a 12-month low of $212.39 and a 12-month high of $266.39.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.41 by $0.08. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. Arthur J. Gallagher & Co.’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $3.03 EPS. As a group, analysts predict that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Arthur J. Gallagher & Co. Profile

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.