Fairfield Financial Advisors LTD Purchases 537 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Fairfield Financial Advisors LTD raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,138 shares of the financial services provider’s stock after buying an additional 537 shares during the quarter. Fairfield Financial Advisors LTD’s holdings in Arthur J. Gallagher & Co. were worth $1,727,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC bought a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 52 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at approximately $29,000. 85.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AJG. Barclays began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price target on the stock. UBS Group raised their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Piper Sandler raised their price target on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. TD Cowen lifted their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their target price on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $287.00.

Arthur J. Gallagher & Co. Trading Down 0.1 %

Shares of NYSE AJG traded down $0.22 during midday trading on Thursday, reaching $284.26. The stock had a trading volume of 194,560 shares, compared to its average volume of 843,524. The firm has a market cap of $62.11 billion, a price-to-earnings ratio of 57.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50 day moving average price is $289.05 and its 200 day moving average price is $270.33.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.26. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insider Activity

In other news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares in the company, valued at $93,121,853.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares in the company, valued at $93,121,853.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,211,438. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,900 shares of company stock worth $11,136,680 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.