Haverford Trust Co Sells 9,218 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Haverford Trust Co trimmed its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 67.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,368 shares of the financial services provider's stock after selling 9,218 shares during the quarter. Haverford Trust Co's holdings in Arthur J. Gallagher & Co. were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AJG. Beaird Harris Wealth Management LLC lifted its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $26,000 after buying an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. boosted its stake in Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at about $45,000. Institutional investors own 85.53% of the company's stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 16,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the sale, the chief financial officer now directly owns 80,952 shares in the company, valued at $20,109,286.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Douglas K. Howell sold 16,000 shares of the business's stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $248.41, for a total value of $3,974,560.00. Following the completion of the sale, the chief financial officer now directly owns 80,952 shares in the company, valued at approximately $20,109,286.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joel D. Cavaness sold 1,207 shares of the business's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares of the company's stock, valued at $516,269.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,207 shares of company stock valued at $8,108,486. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AJG has been the topic of a number of research reports. Piper Sandler dropped their price target on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a "neutral" rating on the stock in a research note on Monday, April 29th. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an "outperform" rating in a research report on Friday, March 22nd. Argus upped their price objective on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday. TD Cowen lifted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Finally, Truist Financial restated a "hold" rating and issued a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of "Hold" and an average price target of $255.77.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG traded up $2.15 on Friday, reaching $257.67. 686,434 shares of the company's stock traded hands, compared to its average volume of 852,558. The stock's 50 day simple moving average is $244.34 and its two-hundred day simple moving average is $240.14. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. Arthur J. Gallagher & Co. has a 52-week low of $198.52 and a 52-week high of $258.20. The stock has a market cap of $56.30 billion, a PE ratio of 52.16, a PEG ratio of 2.35 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.18 billion. During the same quarter in the previous year, the firm posted $3.03 EPS. Arthur J. Gallagher & Co.'s revenue was up 20.4% on a year-over-year basis. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.93%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 48.58%.

Arthur J. Gallagher & Co. Company 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.

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