2,347 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Clarus Wealth Advisors

Clarus Wealth Advisors acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJGFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,347 shares of the financial services provider’s stock, valued at approximately $556,000.

A number of other institutional investors have also modified their holdings of AJG. Norges Bank purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $1,431,788,000. FMR LLC grew its position in shares of Arthur J. Gallagher & Co. by 8.1% during the 3rd quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock valued at $2,202,742,000 after acquiring an additional 726,485 shares during the period. Morgan Stanley grew its position in shares of Arthur J. Gallagher & Co. by 40.6% during the 4th quarter. Morgan Stanley now owns 2,143,144 shares of the financial services provider’s stock valued at $404,069,000 after acquiring an additional 619,008 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Arthur J. Gallagher & Co. by 36,168.9% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 357,974 shares of the financial services provider’s stock valued at $81,593,000 after acquiring an additional 356,987 shares during the period. Finally, Congress Asset Management Co. MA grew its position in shares of Arthur J. Gallagher & Co. by 7,923.4% during the 3rd quarter. Congress Asset Management Co. MA now owns 298,871 shares of the financial services provider’s stock valued at $68,122,000 after acquiring an additional 295,146 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the company’s stock in a transaction 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 owns 45,038 shares in the company, valued at $10,540,693.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares of the company’s stock, valued at $516,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,016 shares of company stock worth $7,176,180. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 1.2 %

Shares of Arthur J. Gallagher & Co. stock opened at $247.13 on Tuesday. The stock has a market cap of $53.95 billion, a P/E ratio of 55.66, a P/E/G ratio of 2.40 and a beta of 0.68. The stock’s 50 day simple moving average is $243.14 and its 200-day simple moving average is $237.98. Arthur J. Gallagher & Co. has a 1-year low of $190.00 and a 1-year high of $256.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued 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. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the previous year, the firm posted $1.54 EPS. Analysts predict that Arthur J. Gallagher & Co. will post 10.07 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of analyst reports. Jefferies Financial Group cut 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 research report on Tuesday, January 9th. Truist Financial restated a “buy” rating and set a $280.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 26th. Royal Bank of Canada lifted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. TD Cowen assumed coverage on Arthur J. Gallagher & Co. in a report on Wednesday, January 10th. They issued a “market perform” rating and a $249.00 price objective on the stock. Finally, Raymond James cut 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 stock currently has an average rating of “Hold” and an average price target of $255.77.

Get Our Latest Report 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 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.

Further Reading

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

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