Great Valley Advisor Group Inc. Has $1.29 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Great Valley Advisor Group Inc. raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 177.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,732 shares of the financial services provider’s stock after purchasing an additional 3,666 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Arthur J. Gallagher & Co. were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC increased its holdings in Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $28,000. SJS Investment Consulting Inc. raised its holdings in shares of 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 valued at $29,000 after purchasing an additional 106 shares during the period. Ruedi Wealth Management Inc. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $33,000. Finally, Milestone Investment Advisors LLC bought a new stake in Arthur J. Gallagher & Co. in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $238.62 on Friday. The company’s 50 day moving average price is $243.83 and its two-hundred day moving average price is $239.00. The firm has a market capitalization of $52.09 billion, a P/E ratio of 48.30, a P/E/G ratio of 2.23 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 1.03. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the business posted $3.03 EPS. Arthur J. Gallagher & Co.’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $308,026.40. Following the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,016 shares of company stock worth $7,176,180. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. Piper Sandler dropped their price objective 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. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price target for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. TD Cowen increased their price objective on 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, Truist Financial reiterated a “hold” rating and issued a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average price target of $255.31.

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.