Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,824 shares of the financial services provider's stock after purchasing an additional 2,666 shares during the period. Tidal Investments LLC's holdings in Arthur J. Gallagher & Co. were worth $2,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Arthur J. Gallagher & Co. during the third quarter valued at $427,000. World Investment Advisors LLC purchased a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $22,538,000. Sanctuary Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 195.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 53,124 shares of the financial services provider's stock worth $16,165,000 after buying an additional 35,148 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in Arthur J. Gallagher & Co. by 2.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,789 shares of the financial services provider's stock worth $2,754,000 after buying an additional 272 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at approximately $401,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 2,800 shares of the company'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 value of $803,600.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company's stock, valued at $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The stock was sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,800 shares of company stock worth $4,789,260. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

AJG has been the subject of several research reports. BMO Capital Markets boosted 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. Piper Sandler increased their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Truist Financial boosted their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Jefferies Financial Group increased their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Bank of America upped their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $296.57.

Arthur J. Gallagher & Co. Trading Up 0.5 %

Shares of NYSE AJG traded up $1.54 during trading on Monday, reaching $286.13. The stock had a trading volume of 2,981,694 shares, compared to its average volume of 969,338. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $71.47 billion, a P/E ratio of 54.21, a PEG ratio of 2.41 and a beta of 0.74. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $316.72. The business's 50-day moving average price is $293.33 and its 200-day moving average price is $282.31.

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

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. Arthur J. Gallagher & Co.'s payout ratio is currently 45.71%.

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.