Cerity Partners LLC Has $8.76 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Cerity Partners LLC increased its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,928 shares of the financial services provider's stock after purchasing an additional 9,540 shares during the quarter. Cerity Partners LLC's holdings in Arthur J. Gallagher & Co. were worth $8,761,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AJG. Valley National Advisers Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $25,000. MRP Capital Investments LLC purchased a new position in Arthur J. Gallagher & Co. during the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after buying an additional 49 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $36,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares of the company's stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,235 shares of company stock worth $7,478,224. Insiders own 1.60% of the company's stock.

Remove Ads

Arthur J. Gallagher & Co. Trading Down 2.0 %

Shares of NYSE AJG traded down $6.69 during trading on Tuesday, hitting $336.23. 840,038 shares of the company traded hands, compared to its average volume of 1,257,183. The company has a 50-day moving average price of $329.61 and a 200-day moving average price of $304.79. The firm has a market capitalization of $85.99 billion, a P/E ratio of 51.59 and a beta of 0.64. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $370.77.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.77%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 39.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AJG. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research note on Friday. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Jefferies Financial Group lowered their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $315.27.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.