Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Pathstone Family Office LLC

Pathstone Family Office LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 99.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,361 shares of the financial services provider’s stock after acquiring an additional 5,670 shares during the period. Pathstone Family Office LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in Arthur J. Gallagher & Co. by 89.9% in the second quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 62 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Arthur J. Gallagher & Co. in the second quarter valued at $30,000. Milestone Investment Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the first quarter valued at $38,000. Clear Street Markets LLC lifted its position in shares of Arthur J. Gallagher & Co. by 21,100.0% in the fourth quarter. Clear Street Markets LLC now owns 212 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 211 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 81.15% of the company’s stock.

Insider Activity

In other news, Director David S. Johnson sold 500 shares of the stock in a transaction dated Tuesday, February 6th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $226.59, for a total transaction of $3,398,850.00. Following the completion of the sale, the chief financial officer now owns 102,942 shares in the company, valued at approximately $23,325,627.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. 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. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $238.84 on Friday. The stock’s 50-day moving average is $232.42 and its 200-day moving average is $232.52. The company has a market cap of $51.57 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 2.18 and a beta of 0.69. 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 12 month low of $174.45 and a 12 month high of $254.00.

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

Arthur J. Gallagher & Co. Increases Dividend

The business 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 $0.60 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 54.05%.

Analyst Upgrades and Downgrades

AJG has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $237.00 to $261.00 and gave the company an “overweight” rating in a research report on Tuesday, October 17th. Piper Sandler upped their price objective on Arthur J. Gallagher & Co. from $238.00 to $251.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. TD Cowen initiated coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $249.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating on the stock in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $255.62.

Check Out Our Latest Analysis on AJG

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.

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

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