Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 47.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,499 shares of the financial services provider's stock after acquiring an additional 9,775 shares during the period. Brookstone Capital Management's holdings in Arthur J. Gallagher & Co. were worth $8,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AJG. Mark Sheptoff Financial Planning LLC purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $26,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 87 shares during the period. Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth about $29,000. Finally, Rakuten Securities Inc. increased its stake in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock worth $29,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock traded up $2.98 on Tuesday, hitting $288.79. The company's stock had a trading volume of 1,284,593 shares, compared to its average volume of 2,359,459. Arthur J. Gallagher & Co. has a 1 year low of $227.08 and a 1 year high of $316.72. The company has a market capitalization of $72.14 billion, a price-to-earnings ratio of 55.01, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. The firm has a fifty day moving average price of $291.77 and a 200-day moving average price of $286.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting the consensus estimate of $2.26. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company's quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.83%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 45.71%.

Insider Activity

In related news, VP Christopher E. Mead sold 2,800 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,626,666.10. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AJG shares. Wells Fargo & Company boosted their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, September 20th. Barclays lifted their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. BMO Capital Markets increased their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and a consensus target price of $304.07.

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.