Janney Montgomery Scott LLC Raises Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Janney Montgomery Scott LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 14.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,445 shares of the financial services provider’s stock after purchasing an additional 2,698 shares during the period. Janney Montgomery Scott LLC’s holdings in Arthur J. Gallagher & Co. were worth $4,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Clarius Group LLC increased its holdings in Arthur J. Gallagher & Co. by 2.7% in the second quarter. Clarius Group LLC now owns 1,700 shares of the financial services provider’s stock valued at $373,000 after buying an additional 45 shares in the last quarter. Berkshire Asset Management LLC PA increased its holdings in Arthur J. Gallagher & Co. by 3.6% in the second quarter. Berkshire Asset Management LLC PA now owns 1,288 shares of the financial services provider’s stock valued at $283,000 after buying an additional 45 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after buying an additional 47 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Arthur J. Gallagher & Co. by 7.9% in the third quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock valued at $149,000 after buying an additional 48 shares in the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Down 1.3 %

Shares of NYSE AJG opened at $235.62 on Tuesday. The company has a 50 day simple moving average of $232.18 and a 200-day simple moving average of $232.74. The company has a market capitalization of $50.87 billion, a P/E ratio of 53.07, a P/E/G ratio of 2.20 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 1 year low of $174.45 and a 1 year high of $254.00.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate 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 firm earned $1.54 EPS. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.1 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.60 per share. 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 1.02%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 49.55%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reduced 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 research report on Friday, January 26th. Piper Sandler upped their price target on shares of Arthur J. Gallagher & Co. from $238.00 to $251.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $237.00 to $261.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 17th. Finally, Raymond James downgraded shares of Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, December 12th. One equities research 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. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus price target of $255.62.

Read Our Latest Research Report on AJG

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director David S. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. Insiders sold 39,609 shares of company stock worth $9,358,300 in the last 90 days. Insiders own 1.40% 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)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.