South Shore Capital Advisors Purchases 4,299 Shares of Arthur J. Gallagher & Co. $AJG

South Shore Capital Advisors acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,299 shares of the financial services provider’s stock, valued at approximately $981,000.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its position in Arthur J. Gallagher & Co. by 4.9% in the second quarter. Parkside Financial Bank & Trust now owns 811 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 38 shares in the last quarter. Archford Capital Strategies LLC boosted its position in shares of Arthur J. Gallagher & Co. by 2.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,871 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 43 shares in the last quarter. Pure Financial Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. by 6.4% in the 4th quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 49 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 3.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,716 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 54 shares in the last quarter. Finally, Cahaba Wealth Management Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 5.5% in the 1st quarter. Cahaba Wealth Management Inc. now owns 1,132 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AJG. Wells Fargo & Company cut their target price on shares of Arthur J. Gallagher & Co. from $291.00 to $284.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Evercore upped their price target on Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. Truist Financial increased their price objective on Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Morgan Stanley cut their price objective on Arthur J. Gallagher & Co. from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Finally, Seaport Research Partners raised Arthur J. Gallagher & Co. to a “buy” rating in a research note on Wednesday, October 7th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $280.74.

Arthur J. Gallagher & Co. Trading Up 1.8%

AJG stock traded up $4.51 during mid-day trading on Tuesday, reaching $257.52. 877,739 shares of the stock traded hands, compared to its average volume of 1,874,291. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $284.33. The company has a market cap of $66.00 billion, a P/E ratio of 42.69, a P/E/G ratio of 1.46 and a beta of 0.55. The stock’s fifty day moving average is $246.43 and its 200-day moving average is $232.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $2.33 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 13.17 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 46.43%.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott Hudson sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the sale, the vice president directly owned 90,262 shares of the company’s stock, valued at $23,840,902.06. The trade was a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Richard Cary sold 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total value of $252,860.00. Following the completion of the sale, the chief accounting officer owned 46,819 shares of the company’s stock, valued at $11,838,652.34. The trade was a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 28,500 shares of company stock valued at $7,562,950. 1.40% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.