Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,014 shares of the financial services provider’s stock after purchasing an additional 167 shares during the quarter. Angeles Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Arthur J. Gallagher & Co. by 288.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,806 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 1,341 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Arthur J. Gallagher & Co. by 3.6% in the third quarter. Exchange Traded Concepts LLC now owns 2,628 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 92 shares during the period. Procyon Advisors LLC grew its position in Arthur J. Gallagher & Co. by 47.4% in the 3rd quarter. Procyon Advisors LLC now owns 2,273 shares of the financial services provider’s stock valued at $639,000 after buying an additional 731 shares in the last quarter. Creative Planning increased its stake in Arthur J. Gallagher & Co. by 4.4% during the 3rd quarter. Creative Planning now owns 59,653 shares of the financial services provider’s stock valued at $16,785,000 after buying an additional 2,537 shares during the period. Finally, Occidental Asset Management LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 3.9% in the 3rd quarter. Occidental Asset Management LLC now owns 2,969 shares of the financial services provider’s stock worth $835,000 after acquiring an additional 112 shares during the period. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares in the company, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research note on Monday, November 25th. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Truist Financial raised their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Up 0.6 %

Shares of NYSE:AJG opened at $324.25 on Tuesday. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $324.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The company has a market cap of $81.00 billion, a PE ratio of 49.73 and a beta of 0.77. The firm has a 50 day simple moving average of $292.02 and a 200 day simple moving average of $290.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is 36.81%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.