Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,938 shares of the financial services provider's stock after acquiring an additional 10,167 shares during the period. Corient Private Wealth LLC's holdings in Arthur J. Gallagher & Co. were worth $23,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AJG. Catalina Capital Group LLC lifted its holdings in Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock valued at $959,000 after acquiring an additional 35 shares during the period. Greenleaf Trust lifted its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after purchasing an additional 36 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 36 shares during the period. Brendel Financial Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock worth $2,054,000 after acquiring an additional 38 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Arthur J. Gallagher & Co. by 4.4% in the third quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider's stock worth $261,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Remove Ads

Analysts Set New Price Targets

AJG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 target price for the company. in a research note on Monday, November 25th. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their price objective for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $310.43.

Arthur J. Gallagher & Co. Trading Down 0.7 %

AJG stock traded down $2.42 during trading on Friday, reaching $332.02. 2,675,702 shares of the stock were exchanged, compared to its average volume of 1,147,052. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $316.96 and a 200-day moving average price of $299.46. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The firm has a market capitalization of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating 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, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 39.88%.

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

In other news, Director David S. Johnson sold 325 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the transaction, the director now owns 44,783 shares in the company, valued at approximately $14,422,812.98. This represents a 0.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,235 shares of company stock valued at $7,478,224. Insiders own 1.60% of the company's stock.

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.