Arthur J. Gallagher & Co. (NYSE:AJG) Stock Position Increased by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 23.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,714 shares of the financial services provider's stock after buying an additional 2,247 shares during the quarter. Arthur M. Cohen & Associates LLC's holdings in Arthur J. Gallagher & Co. were worth $3,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new stake in Arthur J. Gallagher & Co. during the first quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 89.7% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider's stock worth $29,000 after purchasing an additional 52 shares during the period. Finally, Quarry LP purchased a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at $29,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Thomas Joseph Gallagher sold 15,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the sale, the president now owns 329,099 shares of the company's stock, valued at $93,121,853.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Christopher E. Mead sold 2,800 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company's stock, valued at $4,211,438. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas Joseph Gallagher sold 15,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,900 shares of company stock valued at $11,136,680. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded up $1.49 during mid-day trading on Tuesday, reaching $283.14. The company's stock had a trading volume of 777,526 shares, compared to its average volume of 845,033. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04. The business has a 50 day moving average price of $288.45 and a 200-day moving average price of $271.97. The firm has a market cap of $62.12 billion, a price-to-earnings ratio of 53.93, a PEG ratio of 2.39 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting the consensus estimate of $2.26. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. Arthur J. Gallagher & Co.'s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 earnings per share. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.11 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 45.71%.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of recent analyst reports. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a "hold" rating in a report on Friday, September 20th. Jefferies Financial Group increased their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an "underperform" rating in a research report on Friday, July 26th. Finally, BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $287.00.

Arthur J. Gallagher & Co. Company 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.