Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,426 shares of the financial services provider’s stock after acquiring an additional 101 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC boosted its stake in 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 worth $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares during the period. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter worth $45,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Trading Up 1.1 %

Shares of AJG stock opened at $236.57 on Friday. The stock has a market cap of $51.64 billion, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The firm’s 50 day moving average price is $244.38 and its two-hundred day moving average price is $238.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted 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. 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 for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company posted $1.54 earnings per share. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company 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. This is a boost 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 1.01%. The ex-dividend date of this dividend was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is presently 54.05%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 sale, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction 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 sale, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. 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. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AJG. Truist Financial reiterated a “hold” rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Royal Bank of Canada raised their target price 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. Keefe, Bruyette & Woods dropped their target price 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. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their target price for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Finally, 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 report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average price target of $255.23.

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.