Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by RiverGlades Family Offices LLC

RiverGlades Family Offices LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,863 shares of the financial services provider’s stock after acquiring an additional 91 shares during the quarter. RiverGlades Family Offices LLC’s holdings in Arthur J. Gallagher & Co. were worth $529,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. IHT Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $272,000. Quantinno Capital Management LP increased its holdings in shares of Arthur J. Gallagher & Co. by 25.8% in the third quarter. Quantinno Capital Management LP now owns 9,990 shares of the financial services provider’s stock valued at $2,811,000 after purchasing an additional 2,048 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the third quarter worth about $3,270,000. EP Wealth Advisors LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 94.6% during the third quarter. EP Wealth Advisors LLC now owns 2,183 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 1,061 shares during the period. Finally, National Bank of Canada FI boosted its position in Arthur J. Gallagher & Co. by 74.8% in the third quarter. National Bank of Canada FI now owns 119,737 shares of the financial services provider’s stock valued at $33,690,000 after buying an additional 51,227 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now directly owns 69,774 shares in the company, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the 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 completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,235 shares of company stock worth $7,478,224. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of 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. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target on the stock. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $313.20.

Arthur J. Gallagher & Co. Trading Down 2.7 %

Shares of NYSE:AJG opened at $310.69 on Tuesday. The business’s 50 day moving average price is $326.69 and its 200-day moving average price is $302.73. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $350.70. The firm has a market capitalization of $79.45 billion, a price-to-earnings ratio of 47.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (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%. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.84%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.