Inceptionr LLC Has $1.04 Million Stake in Arthur J. Gallagher & Co. $AJG

Inceptionr LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 151.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,005 shares of the financial services provider’s stock after buying an additional 2,411 shares during the period. Inceptionr LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AJG. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 91 shares during the period. Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at $39,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Arthur J. Gallagher & Co. by 668.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock valued at $44,000 after buying an additional 147 shares during the period. CVA Family Office LLC lifted its holdings in Arthur J. Gallagher & Co. by 84.8% in the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock valued at $47,000 after buying an additional 84 shares during the period. Finally, Entrust Financial LLC bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at $51,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AJG. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and decreased their price target for the company from $280.00 to $250.00 in a research note on Wednesday, May 6th. Piper Sandler decreased their target price on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Keefe, Bruyette & Woods reduced their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Thursday. Finally, Truist Financial reduced their price objective on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $263.71.

Arthur J. Gallagher & Co. Stock Up 1.5%

AJG opened at $220.25 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $56.58 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 1.10 and a beta of 0.52. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $327.34. The company’s 50-day moving average price is $210.83 and its two-hundred day moving average price is $228.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.67 earnings per share. As a group, equities analysts expect that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 45.31%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. This represents a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.