National Wealth Management Group LLC Has $904,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

National Wealth Management Group LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 105.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,185 shares of the financial services provider’s stock after purchasing an additional 1,631 shares during the period. National Wealth Management Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $904,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CreativeOne Wealth LLC increased its position in Arthur J. Gallagher & Co. by 11.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,969 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 199 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Arthur J. Gallagher & Co. by 18.9% in the third quarter. Rockefeller Capital Management L.P. now owns 17,750 shares of the financial services provider’s stock worth $4,990,000 after buying an additional 2,819 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at approximately $8,020,000. Benjamin Edwards Inc. grew its position in Arthur J. Gallagher & Co. by 1,486.5% in the third quarter. Benjamin Edwards Inc. now owns 101,172 shares of the financial services provider’s stock worth $28,473,000 after acquiring an additional 94,795 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $582,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $345.01 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The company has a 50-day moving average of $322.73 and a 200-day moving average of $301.35. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $350.53. The company has a market capitalization of $88.23 billion, a price-to-earnings ratio of 52.92 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.75%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Wall Street Analyst Weigh In

AJG has been the subject of a number of recent research reports. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research report on Friday, March 21st. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $313.20.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the sale, the director now directly owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,235 shares of company stock valued at $7,478,224. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Company 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.