SMART Wealth LLC Purchases New Position in Arthur J. Gallagher & Co. (NYSE:AJG)

SMART Wealth LLC acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,705 shares of the financial services provider's stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 580.0% during the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock worth $29,000 after purchasing an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $35,000. Finally, Financial Life Planners bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $36,000. Institutional investors own 85.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AJG shares. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Royal Bank of Canada increased 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. Truist Financial increased their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a report on Friday, January 31st. 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. Finally, Barclays boosted their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $307.00.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded down $2.10 during trading hours on Tuesday, reaching $322.19. 636,900 shares of the company were exchanged, compared to its average volume of 1,857,900. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $324.79. The business's 50 day simple moving average is $292.35 and its 200-day simple moving average is $290.85. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $80.48 billion, a P/E ratio of 49.37 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share 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 research analysts expect that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.81%. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s payout ratio is currently 36.81%.

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

In other news, VP Christopher E. Mead sold 2,900 shares of the company's stock in a transaction 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 completion of the sale, the vice president now owns 14,674 shares of the company's stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.