Arthur J. Gallagher & Co. $AJG Stock Sold by Talbot Financial LLC

Key Points

• Talbot Financial LLC cut its Arthur J. Gallagher stake by 83.4% in the third quarter, selling 34,500 shares and retaining 6,890 shares valued at approximately $1.57 million. Institutional investors collectively own 85.53% of the company.
• AJG shares recently traded at $251.46, with a market capitalization of $64.45 billion and a price-to-earnings ratio of 41.70. The company’s latest quarterly earnings beat estimates, while revenue increased 24.3% year over year.
• The company pays a quarterly dividend of $0.70 per share, equating to an annualized yield of about 1.1%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $280.74.

Talbot Financial LLC decreased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 83.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,890 shares of the financial services provider's stock after selling 34,500 shares during the period. Talbot Financial LLC's holdings in Arthur J. Gallagher & Co. were worth $1,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Triumph Capital Management grew its position in Arthur J. Gallagher & Co. by 4,000.0% in the 3rd quarter. Triumph Capital Management now owns 123 shares of the financial services provider's stock worth $28,000 after purchasing an additional 120 shares during the period. NFSG Corp boosted its stake in shares of Arthur J. Gallagher & Co. by 4,033.3% in the 3rd quarter. NFSG Corp now owns 124 shares of the financial services provider's stock worth $28,000 after buying an additional 121 shares during the last quarter. Axiom Investment Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth $28,000. MV Capital Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $34,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth $29,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded down $3.42 during trading on Monday, reaching $251.46. The company had a trading volume of 377,275 shares, compared to its average volume of 1,876,362. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $284.33. The firm's 50-day simple moving average is $246.41 and its 200 day simple moving average is $232.29. The firm has a market capitalization of $64.45 billion, a price-to-earnings ratio of 41.70, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, beating 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%. Arthur J. Gallagher & Co.'s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. Sell-side analysts forecast that Arthur J. Gallagher & Co. will post 13.17 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. Arthur J. Gallagher & Co.'s payout ratio is 46.43%.

Insider Activity

In other Arthur J. Gallagher & Co. news, General Counsel Walter Bay sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $270.08, for a total transaction of $3,240,960.00. Following the sale, the general counsel owned 71,292 shares in the company, valued at approximately $19,254,543.36. This trade represents a 14.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Mead sold 3,500 shares of the firm's stock in a transaction that occurred 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 owned 22,223 shares in the company, valued at approximately $5,711,755.46. The trade was a 13.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 28,500 shares of company stock valued at $7,562,950. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on AJG. Jefferies Financial Group reduced their price objective on Arthur J. Gallagher & Co. from $300.00 to $295.00 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Royal Bank Of Canada dropped their target price on Arthur J. Gallagher & Co. from $310.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, September 24th. Truist Financial boosted their price target on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the company a "hold" rating in a research note on Friday, July 31st. Mizuho cut their price target on Arthur J. Gallagher & Co. from $292.00 to $271.00 and set an "outperform" rating for the company in a research note on Wednesday, October 7th. Finally, Oppenheimer assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 7th. They set a "market perform" rating for the company. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $280.74.

Arthur J. Gallagher & Co. Company Profile

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

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.

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