Van Hulzen Asset Management LLC Sells 12,677 Shares of Arthur J. Gallagher & Co. $AJG

Van Hulzen Asset Management LLC lessened its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 46.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,687 shares of the financial services provider’s stock after selling 12,677 shares during the period. Van Hulzen Asset Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. MCF Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 97.9% during the second quarter. MCF Advisors LLC now owns 558 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 276 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of Arthur J. Gallagher & Co. by 2.4% during the second quarter. Archford Capital Strategies LLC now owns 1,871 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 43 shares in the last quarter. National Pension Service lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.6% in the 2nd quarter. National Pension Service now owns 516,323 shares of the financial services provider’s stock worth $118,532,000 after acquiring an additional 18,047 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 6.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,760 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 159 shares in the last quarter. Finally, RFG Advisory LLC raised its position in Arthur J. Gallagher & Co. by 6.3% in the 2nd quarter. RFG Advisory LLC now owns 2,869 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 170 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 3,500 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total transaction of $899,570.00. Following the sale, the vice president directly owned 22,223 shares in the company, valued at approximately $5,711,755.46. This trade represents a 13.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total value of $3,169,560.00. Following the completion of the transaction, the vice president owned 90,262 shares of the company’s stock, valued at $23,840,902.06. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,500 shares of company stock valued at $7,310,090. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AJG shares. Piper Sandler raised their target price on shares of Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Citigroup increased their price target on shares of Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. UBS Group raised their price target on shares of Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Barclays raised their target price on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company reduced their target price on Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and an average price target of $290.28.

Arthur J. Gallagher & Co. Stock Down 2.7%

NYSE:AJG opened at $244.65 on Thursday. The firm’s 50-day moving average price is $255.42 and its 200-day moving average price is $228.58. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $313.55. The company has a market capitalization of $62.70 billion, a PE ratio of 40.57, a P/E/G ratio of 1.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 EPS. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 13.28 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s payout ratio is presently 46.43%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The company helps businesses, institutions and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, risk management, claims administration, actuarial services, captive insurance and wholesale brokerage. Gallagher arranges commercial property and casualty coverage, personal insurance, specialty insurance and employee benefit programs, while also providing services designed to help clients manage workplace, liability and other operational risks.

Founded in 1927 by Arthur J.