Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,286 shares of the financial services provider’s stock after buying an additional 88 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Arthur J. Gallagher & Co. were worth $514,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 8.1% in the 3rd quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock worth $2,202,742,000 after purchasing an additional 726,485 shares during the period. State Street Corp raised its holdings in shares of Arthur J. Gallagher & Co. by 3.0% in the 2nd quarter. State Street Corp now owns 8,940,318 shares of the financial services provider’s stock worth $1,963,026,000 after purchasing an additional 262,187 shares during the period. Norges Bank purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $1,431,788,000. Morgan Stanley raised its holdings in shares of Arthur J. Gallagher & Co. by 0.6% in the 3rd quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock worth $1,415,345,000 after purchasing an additional 34,999 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Arthur J. Gallagher & Co. by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider’s stock worth $1,139,872,000 after purchasing an additional 90,842 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded up $2.27 during midday trading on Thursday, reaching $250.06. 960,704 shares of the company traded hands, compared to its average volume of 888,885. The company has a fifty day moving average price of $242.65 and a 200 day moving average price of $237.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $54.59 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.68. Arthur J. Gallagher & Co. has a twelve month low of $186.88 and a twelve month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $1.54 EPS. On average, analysts expect that Arthur J. Gallagher & Co. will post 10.09 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s payout ratio is currently 54.05%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the transaction, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,016 shares of company stock valued at $7,176,180. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AJG. Raymond James downgraded Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, December 12th. Truist Financial reiterated a “buy” rating and set a $280.00 target price on shares of Arthur J. Gallagher & Co. in a report on Tuesday. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen initiated coverage on Arthur J. Gallagher & Co. in a report on Wednesday, January 10th. They set a “market perform” rating and a $249.00 target price on the stock. Finally, Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $255.77.

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.