Tilt Investment Management Holdings PBC Makes New $203,000 Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Tilt Investment Management Holdings PBC acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 902 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its holdings in shares of 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 valued at $29,000 after purchasing an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $33,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $45,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

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

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 that occurred on Tuesday, February 6th. The shares were 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 of the company’s stock, valued at $10,540,693.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at $516,269.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 $10,540,693.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $233.99 on Friday. The firm has a market cap of $51.08 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. The firm’s 50 day simple moving average is $244.43 and its 200-day simple moving average is $238.61. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10. 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. (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same period last year, the company posted $1.54 earnings per share. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 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.