West Family Investments Inc. Purchases 753 Shares of Arthur J. Gallagher & Co. $AJG

West Family Investments Inc. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 107.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,452 shares of the financial services provider’s stock after buying an additional 753 shares during the quarter. West Family Investments Inc.’s holdings in Arthur J. Gallagher & Co. were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AJG. J.Safra Asset Management Corp boosted its holdings in shares of Arthur J. Gallagher & Co. by 209.1% during the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 69 shares during the period. AlphaQuest LLC bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $33,000. Saudi Central Bank bought a new stake in Arthur J. Gallagher & Co. in the first quarter valued at $34,000. SouthState Corp purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at $39,000. Finally, Steph & Co. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter worth about $40,000. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $261.00, for a total transaction of $1,566,000.00. Following the sale, the chief accounting officer owned 50,668 shares in the company, valued at $13,224,348. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott R. Hudson sold 12,855 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $297.60, for a total transaction of $3,825,648.00. Following the completion of the transaction, the vice president owned 85,920 shares of the company’s stock, valued at approximately $25,569,792. The trade was a 13.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 37,105 shares of company stock valued at $10,796,353. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Trading Down 0.3%

Arthur J. Gallagher & Co. stock opened at $247.69 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $239.47 and a 12 month high of $351.23. The company has a market capitalization of $63.61 billion, a price-to-earnings ratio of 35.18 and a beta of 0.71. The business’s fifty day simple moving average is $275.86 and its two-hundred day simple moving average is $299.07. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.19). The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. Arthur J. Gallagher & Co.’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 earnings per share. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.60 annualized dividend and a yield of 1.0%. Arthur J. Gallagher & Co.’s payout ratio is 38.86%.

Analyst Upgrades and Downgrades

AJG has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Evercore ISI reduced their target price on Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Barclays cut Arthur J. Gallagher & Co. from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $328.00 to $250.00 in a research note on Thursday, November 20th. Wall Street Zen lowered Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings downgraded Arthur J. Gallagher & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $316.33.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.