Hanlon Investment Management Inc. Sells 201 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Hanlon Investment Management Inc. lessened its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.0% during the third quarter, HoldingsChannel.com reports. The fund owned 4,859 shares of the financial services provider’s stock after selling 201 shares during the period. Hanlon Investment Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,367,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Arthur J. Gallagher & Co. in the second quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after buying an additional 52 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now owns 329,099 shares in the company, valued at approximately $93,121,853.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the sale, the president now owns 33,267 shares in the company, valued at $9,853,685.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at $93,121,853.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,900 shares of company stock worth $11,136,680 in the last three months. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.5 %

NYSE AJG opened at $283.12 on Tuesday. The stock has a market capitalization of $62.12 billion, a P/E ratio of 53.65, a P/E/G ratio of 2.39 and a beta of 0.72. The business has a 50 day simple moving average of $288.59 and a 200 day simple moving average of $271.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the business posted $2.00 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 12.8% compared to the same quarter last year. Research analysts expect that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.85%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.71%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial upped their target price on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. TD Cowen boosted their target price 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. UBS Group raised their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Bank Of America (Bofa) boosted their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $287.00.

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.