121 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 121 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AJG. Larson Financial Group LLC increased its position in shares of Arthur J. Gallagher & Co. by 89.9% during the second quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 62 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $30,000. Milestone Investment Advisors LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter worth $38,000. Clear Street Markets LLC increased its position in shares of Arthur J. Gallagher & Co. by 21,100.0% during the fourth quarter. Clear Street Markets LLC now owns 212 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 211 shares during the period. Finally, Fred Alger Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $238.84 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 1 year low of $174.45 and a 1 year high of $254.00. The company has a market capitalization of $51.57 billion, a PE ratio of 53.79, a P/E/G ratio of 2.18 and a beta of 0.69. The company has a fifty day moving average of $232.42 and a two-hundred day moving average of $232.52.

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

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.60 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.40 annualized dividend and a dividend yield of 1.00%. Arthur J. Gallagher & Co.’s dividend payout ratio is 54.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AJG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $270.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, January 26th. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their target price for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Truist Financial increased their target price on Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Piper Sandler increased their target price on Arthur J. Gallagher & Co. from $238.00 to $251.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods dropped their target price on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating on the stock in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $255.62.

Check Out Our Latest Analysis on Arthur J. Gallagher & Co.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 11,800 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $247.22, for a total transaction of $2,917,196.00. Following the completion of the sale, the chief financial officer now owns 117,942 shares in the company, valued at $29,157,621.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 45,038 shares in the company, valued at $10,540,693.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas K. Howell sold 11,800 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $247.22, for a total transaction of $2,917,196.00. Following the completion of the sale, the chief financial officer now owns 117,942 shares of the company’s stock, valued at approximately $29,157,621.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,300 shares of company stock worth $6,433,066. Company insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

(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

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

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