Arthur J. Gallagher & Co. $AJG Shares Sold by Mission Creek Capital Partners Inc.

Key Points

• Mission Creek Capital Partners Inc. sold 83.1% of its shares in Arthur J. Gallagher & Co. during the 1st quarter, reducing its holdings to 3,020 shares valued at approximately $1,043,000.
• Wall Street analysts have given Arthur J. Gallagher & Co. an average rating of "Hold", with a consensus target price of $331.07, while various firms have adjusted their price targets for the stock.
• Arthur J. Gallagher & Co. announced a quarterly dividend of $0.65 per share, which will be paid to shareholders on September 19th, representing an annualized dividend of $2.60.

Mission Creek Capital Partners Inc. lessened its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 83.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,020 shares of the financial services provider's stock after selling 14,815 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Arthur J. Gallagher & Co. were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $25,000. AlphaQuest LLC acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $33,000. Centennial Bank AR acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $38,000. Motco increased its holdings in Arthur J. Gallagher & Co. by 700.0% in the 1st quarter. Motco now owns 112 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 98 shares during the last quarter. Finally, SouthState Corp acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $39,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Down 0.8%

Shares of Arthur J. Gallagher & Co. stock traded down $2.32 during trading on Tuesday, hitting $300.43. 775,097 shares of the stock were exchanged, compared to its average volume of 1,533,611. The stock has a market cap of $77.03 billion, a price-to-earnings ratio of 42.67 and a beta of 0.72. The firm's 50-day moving average price is $304.31 and its 200 day moving average price is $321.38. Arthur J. Gallagher & Co. has a 12-month low of $274.25 and a 12-month high of $351.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.Arthur J. Gallagher & Co.'s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.29 earnings per share. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 5th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 36.93%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AJG shares. Wall Street Zen downgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Barclays decreased their price target on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Cantor Fitzgerald raised shares of Arthur J. Gallagher & Co. to a "strong-buy" rating in a research report on Wednesday, August 13th. UBS Group decreased their price target on shares of Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Finally, Erste Group Bank reissued a "hold" rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $331.07.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.