Englebert Financial Advisers LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,364 shares of the financial services provider’s stock, valued at approximately $871,000. Arthur J. Gallagher & Co. accounts for approximately 1.0% of Englebert Financial Advisers LLC’s holdings, making the stock its 21st largest holding.
Other large investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 870.0% during the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at approximately $39,000. Westside Investment Management Inc. lifted its holdings in Arthur J. Gallagher & Co. by 100.0% in the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after buying an additional 68 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after buying an additional 147 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AJG has been the topic of several analyst reports. Wells Fargo & Company cut their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price objective on the stock. Jefferies Financial Group cut their price objective on shares of Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. Truist Financial cut their price objective on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Morgan Stanley set a $265.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $268.00.
Insider Buying and Selling at Arthur J. Gallagher & Co.
In other news, VP Christopher E. Mead sold 4,000 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at $19,552,814.40. This represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.
Arthur J. Gallagher & Co. Stock Down 0.1%
Shares of AJG stock opened at $198.62 on Tuesday. The firm has a fifty day moving average of $215.48 and a 200-day moving average of $236.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a 12-month low of $194.15 and a 12-month high of $351.23. The company has a market capitalization of $51.03 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 1.01 and a beta of 0.54.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the firm earned $3.67 earnings per share. The firm’s revenue was up 29.0% compared to the same quarter last year. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 13.18 earnings per share 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 19th. Stockholders of record on Friday, June 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.31%.
Arthur J. Gallagher & Co. Profile
Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.
The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.
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