Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $463,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,059 shares of the financial services provider’s stock after selling 520 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Arthur J. Gallagher & Co. were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Greenleaf Trust boosted its stake in Arthur J. Gallagher & Co. by 1.4% during the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 42 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after buying an additional 43 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after buying an additional 47 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 7.9% in the third quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock valued at $149,000 after buying an additional 48 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock worth $7,176,180 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $232.09 on Tuesday. Arthur J. Gallagher & Co. has a 52-week low of $198.52 and a 52-week high of $256.10. The company has a 50-day simple moving average of $244.65 and a 200 day simple moving average of $238.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $50.67 billion, a PE ratio of 52.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company posted $1.54 earnings per share. On average, research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.60 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 54.05%.

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.