Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by LGL Partners LLC

LGL Partners LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 892 shares of the financial services provider’s stock after purchasing an additional 95 shares during the period. LGL Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 87 shares during the period. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth $35,000. Finally, Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AJG shares. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday, November 25th. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets raised their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $307.00.

Arthur J. Gallagher & Co. Stock Up 1.1 %

NYSE:AJG opened at $332.06 on Wednesday. The stock has a 50-day simple moving average of $299.78 and a 200 day simple moving average of $294.16. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $332.69. The company has a market capitalization of $84.57 billion, a price-to-earnings ratio of 50.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company 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 dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.78%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 36.81%.

Insider Buying and Selling

In related news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock valued at $4,972,964 in the last quarter. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Profile

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.