2,415 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,415 shares of the financial services provider’s stock, valued at approximately $543,000.

Other hedge funds also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AJG shares. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods dropped their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Truist Financial reissued a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their target price for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, TD Cowen increased their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $255.23.

Insider Activity

In related news, Director David S. Johnson sold 500 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction that occurred 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 owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG remained flat at $236.81 during mid-day trading on Thursday. The stock had a trading volume of 880,401 shares, compared to its average volume of 865,938. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. 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 $51.70 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 2.24 and a beta of 0.68. The business has a 50 day moving average of $244.41 and a 200-day moving average of $238.94.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations 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 period last year, the business earned $1.54 earnings per share. Analysts expect that Arthur J. Gallagher & Co. will post 10.06 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, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 54.05%.

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.