969 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 969 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other large investors also recently bought and sold shares of AJG. Beaird Harris Wealth Management LLC increased its holdings in Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after buying an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth about $28,000. SJS Investment Consulting Inc. boosted its position in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth about $33,000. Finally, Milestone Investment Advisors LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter worth about $38,000. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arthur J. Gallagher & Co.

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 stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The sale was disclosed in a document filed 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 on Tuesday, February 6th. The stock was 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 $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 in the last quarter. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

AJG has been the topic of several research reports. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Truist Financial reissued a “hold” rating and issued a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods lowered their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Finally, TD Cowen lifted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $234.58 on Monday. 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. has a 1 year low of $196.70 and a 1 year high of $256.10. The stock’s 50 day simple moving average is $244.73 and its two-hundred day simple moving average is $238.67. The company has a market cap of $51.21 billion, a price-to-earnings ratio of 52.83, a PEG ratio of 2.21 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.54 EPS. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.60 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend 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 payout ratio is currently 54.05%.

About Arthur J. Gallagher & Co.

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.