Atria Wealth Solutions Inc. Has $2.54 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Atria Wealth Solutions Inc. increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,140 shares of the financial services provider’s stock after buying an additional 1,998 shares during the period. Atria Wealth Solutions Inc.’s holdings in Arthur J. Gallagher & Co. were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its position in shares of Arthur J. Gallagher & Co. by 3.0% in the second quarter. State Street Corp now owns 8,940,318 shares of the financial services provider’s stock valued at $1,963,026,000 after buying an additional 262,187 shares in the last quarter. Norges Bank acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $1,431,788,000. JPMorgan Chase & Co. raised its position in Arthur J. Gallagher & Co. by 3.9% during the second quarter. JPMorgan Chase & Co. now owns 4,910,133 shares of the financial services provider’s stock valued at $1,078,118,000 after purchasing an additional 185,399 shares in the last quarter. Geode Capital Management LLC raised its position in Arthur J. Gallagher & Co. by 3.4% during the second quarter. Geode Capital Management LLC now owns 4,765,493 shares of the financial services provider’s stock valued at $1,044,141,000 after purchasing an additional 155,683 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in Arthur J. Gallagher & Co. by 1.7% during the third quarter. WCM Investment Management LLC now owns 2,596,873 shares of the financial services provider’s stock valued at $591,724,000 after purchasing an additional 42,964 shares in the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Douglas K. Howell sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $226.59, for a total transaction of $3,398,850.00. Following the sale, the chief financial officer now owns 102,942 shares in the company, valued at approximately $23,325,627.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,300 shares of company stock valued at $6,433,066. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AJG shares. TD Cowen started coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, January 10th. They set a “market perform” rating and a $249.00 price target for the company. Keefe, Bruyette & Woods lowered their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating for the company in a report on Friday, January 26th. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $270.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, January 26th. Finally, Raymond James downgraded shares of Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $255.62.

View Our Latest Report on AJG

Arthur J. Gallagher & Co. Trading Up 0.8 %

AJG opened at $238.81 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.04. Arthur J. Gallagher & Co. has a fifty-two week low of $174.45 and a fifty-two week high of $254.00. The firm has a market capitalization of $51.56 billion, a PE ratio of 53.79, a P/E/G ratio of 2.17 and a beta of 0.69. The company’s 50-day moving average is $232.42 and its 200 day moving average is $232.44.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same quarter last year, the business posted $1.54 EPS. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 10.1 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.00%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 49.55%.

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 businesses and organizations 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.

See Also

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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