林德布鲁克资本有限责任公司出售 Arthur J. Gallagher & Co. 107 股股票(纽约证券交易所代码:AJG)

林德布鲁克资本有限责任公司出售 Arthur J. Gallagher & Co. 107 股股票(纽约证券交易所代码:AJG)
2023年04月07日 17:12 富途牛牛综合

Lindbrook Capital LLC lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508 shares of the financial services provider's stock after selling 107 shares during the period. Lindbrook Capital LLC's holdings in Arthur J. Gallagher & Co. were worth $96,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Financial Gravity Asset Management Inc. raised its position in shares of Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,197 shares of the financial services provider's stock valued at $443,000 after acquiring an additional 56 shares during the period. Profund Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. by 2.5% during the 3rd quarter. Profund Advisors LLC now owns 2,324 shares of the financial services provider's stock worth $398,000 after purchasing an additional 56 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Arthur J. Gallagher & Co. by 1.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,061 shares of the financial services provider's stock worth $577,000 after acquiring an additional 58 shares in the last quarter. Tsfg LLC lifted its stake in Arthur J. Gallagher & Co. by 48.8% in the 3rd quarter. Tsfg LLC now owns 183 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 3.3% during the 1st quarter. Cresset Asset Management LLC now owns 2,077 shares of the financial services provider's stock worth $363,000 after acquiring an additional 66 shares during the period. Institutional investors own 82.07% of the company's stock.

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Analyst Ratings Changes

AJG has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $213.00 to $211.00 and set a "market perform" rating on the stock in a report on Friday, March 17th. Piper Sandler increased their target price on Arthur J. Gallagher & Co. from $195.00 to $215.00 and gave the stock a "neutral" rating in a research note on Friday, January 27th. Wells Fargo & Company boosted their price target on Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the company an "overweight" rating in a research note on Friday, January 27th. StockNews.com began coverage on Arthur J. Gallagher & Co. in a report on Thursday, March 16th. They set a "hold" rating for the company. Finally, Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, January 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $213.71.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $197.37 on Friday. The firm has a 50 day moving average of $188.90 and a 200-day moving average of $187.62. Arthur J. Gallagher & Co. has a 12 month low of $148.24 and a 12 month high of $202.37. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $42.17 billion, a PE ratio of 37.96, a PEG ratio of 1.99 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last released its earnings results on Thursday, January 26th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.04. Arthur J. Gallagher & Co. had a return on equity of 18.64% and a net margin of 13.08%. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 8.71 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, March 3rd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, March 2nd. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.51. Arthur J. Gallagher & Co.'s payout ratio is currently 42.31%.

Insiders Place Their Bets

In related news, CFO Douglas K. Howell sold 2,850 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $180.98, for a total transaction of $515,793.00. Following the sale, the chief financial officer now directly owns 90,715 shares of the company's stock, valued at approximately $16,417,600.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Douglas K. Howell sold 2,850 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $180.98, for a total value of $515,793.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $16,417,600.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Patrick Murphy Gallagher sold 5,051 shares of the business's stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $189.34, for a total value of $956,356.34. Following the sale, the vice president now owns 34,134 shares in the company, valued at approximately $6,462,931.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,783 shares of company stock valued at $5,262,891. 1.40% of the stock is currently owned by corporate insiders.

About Arthur J. Gallagher & Co.

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Arthur J. Gallagher & Co engages in the provision of insurance 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.

Further Reading

  • Get a free copy of the StockNews.com research report on Arthur J. Gallagher & Co. (AJG)
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Want to see what other hedge funds are holding AJG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating).

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