Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Cambridge Trust Co.

Cambridge Trust Co. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.1% during the fourth quarter, Holdings Channel reports. The firm owned 969 shares of the financial services provider’s stock after buying an additional 47 shares during the quarter. Cambridge Trust Co.’s holdings in Arthur J. Gallagher & Co. were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Beaird Harris Wealth Management LLC raised its position in Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. raised its holdings in shares of 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 acquiring an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. during the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. 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 of the company’s stock, valued at $10,540,693.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AJG shares. Keefe, Bruyette & Woods dropped their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their target price for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Truist Financial reiterated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $236.57 on Friday. The business has a 50 day moving average price of $244.38 and a two-hundred day moving average price of $238.69. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The firm has a market cap of $51.64 billion, a PE ratio of 53.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 9.63% and a return on equity of 18.49%. During the same period in the prior year, the firm posted $1.54 EPS. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.06 earnings per share 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. Shareholders of record on Friday, March 1st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, February 29th. 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 54.05%.

Arthur J. Gallagher & Co. Profile

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.