FORA Capital LLC Has $354,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

FORA Capital LLC lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 83.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,247 shares of the financial services provider's stock after selling 6,432 shares during the quarter. FORA Capital LLC's holdings in Arthur J. Gallagher & Co. were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Fullcircle Wealth LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $191,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 1,511.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,758,166 shares of the financial services provider's stock worth $499,055,000 after buying an additional 1,649,046 shares in the last quarter. Deutsche Bank AG increased its holdings in Arthur J. Gallagher & Co. by 26.2% during the 4th quarter. Deutsche Bank AG now owns 490,751 shares of the financial services provider's stock valued at $139,300,000 after purchasing an additional 101,860 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 21.1% during the 4th quarter. CoreCap Advisors LLC now owns 483 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 84 shares in the last quarter. Finally, Crestline Management LP acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $13,165,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.9%

AJG stock traded down $2.91 during mid-day trading on Wednesday, reaching $329.79. The company had a trading volume of 898,453 shares, compared to its average volume of 1,313,323. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $84.46 billion, a price-to-earnings ratio of 50.58 and a beta of 0.78. Arthur J. Gallagher & Co. has a 52 week low of $244.60 and a 52 week high of $350.70. The stock has a 50 day simple moving average of $330.03 and a two-hundred day simple moving average of $310.78.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.45 EPS. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 37.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AJG shares. Jefferies Financial Group dropped their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Barclays raised their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a research report on Friday, May 2nd. Finally, Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $315.33.

About Arthur J. Gallagher & Co.

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.