Ticino Wealth Purchases New Position in Arthur J. Gallagher & Co. $AJG

Ticino Wealth acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,480 shares of the financial services provider’s stock, valued at approximately $901,000.

Other large investors have also recently modified their holdings of the company. Jump Financial LLC purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth $2,825,000. Qube Research & Technologies Ltd purchased a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $3,429,000. Treasurer of the State of North Carolina raised its stake in shares of Arthur J. Gallagher & Co. by 5.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 118,467 shares of the financial services provider’s stock worth $37,924,000 after acquiring an additional 5,947 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Arthur J. Gallagher & Co. by 2,919.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 19,987 shares of the financial services provider’s stock worth $6,398,000 after purchasing an additional 19,325 shares in the last quarter. Finally, Armistice Capital LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at about $412,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.0%

NYSE AJG opened at $223.11 on Tuesday. Arthur J. Gallagher & Co. has a 12 month low of $195.00 and a 12 month high of $351.23. The stock has a market capitalization of $57.36 billion, a P/E ratio of 36.35, a PEG ratio of 1.10 and a beta of 0.68. The firm’s 50-day moving average is $216.43 and its two-hundred day moving average is $244.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period last year, the business posted $1.12 earnings per share. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 13.19 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a $0.70 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, March 6th. Arthur J. Gallagher & Co.’s payout ratio is 45.53%.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total value of $908,480.00. Following the transaction, the vice president directly owned 19,306 shares in the company, valued at $4,384,778.72. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the sale, the vice president owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group reduced their price objective on Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 29th. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada began coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $273.94.

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.