Trust Co. of Virginia VA Sells 75 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Trust Co. of Virginia VA lessened its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,128 shares of the financial services provider’s stock after selling 75 shares during the quarter. Trust Co. of Virginia VA’s holdings in Arthur J. Gallagher & Co. were worth $532,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 43 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of Arthur J. Gallagher & Co. by 1.9% during the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 44 shares in the last quarter. Cambridge Trust Co. raised its stake in shares of Arthur J. Gallagher & Co. by 5.1% during the 4th quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 47 shares in the last quarter. ERn Financial LLC raised its stake in shares of Arthur J. Gallagher & Co. by 1.9% during the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 47 shares in the last quarter. Finally, Financial Counselors Inc. increased its stake in Arthur J. Gallagher & Co. by 1.6% during the 4th quarter. Financial Counselors Inc. now owns 3,255 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the transaction, the vice president now directly owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the transaction, the vice president now directly owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 16,000 shares of the stock in a transaction dated 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 owns 80,952 shares of the company’s stock, valued at $20,109,286.32. The disclosure for this sale can be found here. Insiders have sold a total of 53,165 shares of company stock valued at $13,629,049 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AJG. Royal Bank of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $282.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler cut their price target on shares of 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. Argus upped their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Truist Financial restated a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Finally, TD Cowen upped 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $263.00.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded down $0.82 during mid-day trading on Friday, reaching $259.31. 1,393,176 shares of the stock were exchanged, compared to its average volume of 978,833. The business’s 50 day moving average is $251.09 and its 200-day moving average is $242.59. Arthur J. Gallagher & Co. has a 1 year low of $210.86 and a 1 year high of $266.39. The company has a market capitalization of $56.66 billion, a P/E ratio of 52.49, a P/E/G ratio of 2.33 and a beta of 0.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (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 firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the firm posted $3.03 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.08 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is 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.