Arthur J. Gallagher & Co. (NYSE:AJG) Holdings Reduced by 11 Capital Partners LP

11 Capital Partners LP decreased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,441 shares of the financial services provider’s stock after selling 4,989 shares during the quarter. Arthur J. Gallagher & Co. comprises 7.1% of 11 Capital Partners LP’s holdings, making the stock its 7th largest holding. 11 Capital Partners LP’s holdings in Arthur J. Gallagher & Co. were worth $18,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AJG. Gilbert & Cook Inc. increased its stake in Arthur J. Gallagher & Co. by 5.0% during the fourth quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 259 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $264,000. D.A. Davidson & CO. grew its stake in shares of Arthur J. Gallagher & Co. by 28.6% in the fourth quarter. D.A. Davidson & CO. now owns 2,899 shares of the financial services provider’s stock valued at $652,000 after buying an additional 645 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Arthur J. Gallagher & Co. by 18.8% in the fourth quarter. Corient Private Wealth LLC now owns 61,249 shares of the financial services provider’s stock valued at $13,774,000 after buying an additional 9,701 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 67.3% in the fourth quarter. Assetmark Inc. now owns 7,040 shares of the financial services provider’s stock valued at $1,583,000 after buying an additional 2,832 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AJG shares. TD Cowen lifted their price objective on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Wells Fargo & Company lifted their target price on Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group lifted their target price on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $282.93.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $276.06 on Friday. The stock has a market capitalization of $60.32 billion, a PE ratio of 55.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 52-week low of $218.63 and a 52-week high of $301.04. The stock’s 50-day moving average price is $285.49 and its 200 day moving average price is $262.72. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. The firm had revenue of $2.73 billion for 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%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the transaction, the president now owns 33,267 shares in the company, valued at approximately $9,853,685.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the sale, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares in the company, valued at approximately $9,853,685.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,145 shares of company stock worth $12,622,660. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company 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.