Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Quotient Wealth Partners LLC

11 Oct 2024, 15:50 by Amy Steele · The Cerbat Gem

Quotient Wealth Partners LLC trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) by 18.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,545 shares of the financial services provider’s stock after selling 356 shares during the period. Quotient Wealth Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $435,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AJG. Morton Capital Management LLC CA bought a new stake in Arthur J. Gallagher & Co. in the third quarter worth about $211,000. Wedmont Private Capital raised its holdings in shares of Arthur J. Gallagher & Co. by 7.8% in the 3rd quarter. Wedmont Private Capital now owns 3,313 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 240 shares in the last quarter. CWM LLC lifted its stake in Arthur J. Gallagher & Co. by 8.5% during the third quarter. CWM LLC now owns 23,681 shares of the financial services provider’s stock valued at $6,663,000 after purchasing an additional 1,857 shares during the last quarter. Gunderson Capital Management Inc. grew its position in Arthur J. Gallagher & Co. by 11.1% in the third quarter. Gunderson Capital Management Inc. now owns 36,969 shares of the financial services provider’s stock worth $10,402,000 after buying an additional 3,700 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. increased its holdings in shares of Arthur J. Gallagher & Co. by 14.8% in the third quarter. Strategic Wealth Partners Ltd. now owns 2,097 shares of the financial services provider’s stock valued at $590,000 after buying an additional 270 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the transaction, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,625,146.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,625,146.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the transaction, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,145 shares of company stock worth $12,622,660. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays began coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price objective for the company. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. The Goldman Sachs Group upped their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $287.00.

Check Out Our Latest Stock Analysis on AJG

Arthur J. Gallagher & Co. Trading Down 3.1 %

NYSE AJG opened at $285.70 on Friday. The company has a market capitalization of $62.43 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1-year low of $218.63 and a 1-year high of $301.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $288.05 and its 200-day simple moving average is $265.79.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Arthur J. Gallagher & Co. Profile

(Free Report)

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.