Bison Wealth LLC Acquires 907 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Bison Wealth LLC raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 33.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,630 shares of the financial services provider’s stock after purchasing an additional 907 shares during the period. Bison Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AJG. Greenleaf Trust grew its holdings in shares of Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 14.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 43 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 3.9% in the 3rd quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 46 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in Arthur J. Gallagher & Co. by 3.7% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock worth $302,000 after buying an additional 47 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Arthur J. Gallagher & Co. by 7.9% during the 3rd quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock worth $149,000 after buying an additional 48 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AJG. Truist Financial reiterated a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. TD Cowen upped 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 research report on Tuesday, April 2nd. Finally, 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 on the stock in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $255.23.

Insider Activity

In related news, Director David S. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David S. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the sale, the director now directly owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders sold a total of 29,016 shares of company stock valued at $7,176,180 in the last ninety days. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $232.09 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $50.67 billion, a PE ratio of 52.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68. The stock has a 50-day moving average of $244.65 and a 200-day moving average of $238.68. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the prior year, the business posted $1.54 EPS. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.60 dividend. The ex-dividend date was Thursday, February 29th. 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 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio is 54.05%.

Arthur J. Gallagher & Co. Company 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.