Quadrant Capital Group LLC Boosts Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Quadrant Capital Group LLC increased its position in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,803 shares of the financial services provider’s stock after acquiring an additional 77 shares during the quarter. Quadrant Capital Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $405,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC lifted its stake 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 buying an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Arthur J. Gallagher & Co. during the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. boosted its stake in 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 purchasing an additional 106 shares during the period. Ruedi Wealth Management Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $33,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 16,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $248.41, for a total value of $3,974,560.00. Following the completion of the sale, the chief financial officer now owns 80,952 shares of the company’s stock, valued at $20,109,286.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, March 12th. The stock was 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 of the company’s stock, valued at approximately $24,666,597.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas K. Howell sold 16,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $248.41, for a total value of $3,974,560.00. Following the completion of the transaction, the chief financial officer now directly owns 80,952 shares in the company, valued at $20,109,286.32. The disclosure for this sale can be found here. Insiders have sold 32,207 shares of company stock valued at $8,108,486 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.8 %

Shares of NYSE AJG opened at $257.67 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $258.20. The business has a fifty day moving average price of $244.46 and a 200 day moving average price of $240.30. The stock has a market capitalization of $56.30 billion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.41 by $0.08. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.03 earnings per share. Equities research analysts expect that Arthur J. Gallagher & Co. will post 10.08 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a dividend yield of 0.93%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Analysts Set New Price Targets

Several research firms recently weighed in on AJG. Keefe, Bruyette & Woods cut 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 research note on Wednesday, April 10th. Argus increased their price target on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler reduced their price target on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. 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, Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. One 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’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $255.77.

View Our Latest Stock Analysis on AJG

Arthur J. Gallagher & Co. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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