Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Oakworth Capital Inc.

Oakworth Capital Inc. lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,160 shares of the financial services provider’s stock after acquiring an additional 160 shares during the quarter. Oakworth Capital Inc.’s holdings in Arthur J. Gallagher & Co. were worth $486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. grew its stake in Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $38,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David S. Johnson sold 500 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of Arthur J. Gallagher & Co. stock traded down $0.24 during midday trading on Wednesday, reaching $231.19. 412,008 shares of the company’s stock traded hands, compared to its average volume of 867,227. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10. The company’s 50 day simple moving average is $244.60 and its 200 day simple moving average is $238.70. The company has a market cap of $50.47 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Equities analysts expect that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.60 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.04%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 54.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AJG. Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their target price for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. TD Cowen lifted their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Truist Financial reiterated a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $255.23.

Arthur J. Gallagher & Co. Company 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.