HB Wealth Management LLC Acquires 91 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

HB Wealth Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,221 shares of the financial services provider’s stock after purchasing an additional 91 shares during the period. HB Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $499,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Greenleaf Trust boosted its holdings in Arthur J. Gallagher & Co. by 1.4% in the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 42 shares during the last quarter. Berkshire Asset Management LLC PA boosted its holdings in Arthur J. Gallagher & Co. by 3.6% in the second quarter. Berkshire Asset Management LLC PA now owns 1,288 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 45 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 46 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 47 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Arthur J. Gallagher & Co. by 7.9% in the third quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the business’s 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 sale, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David S. Johnson sold 500 shares of the company’s 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 sale, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the company’s 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 sale, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,016 shares of company stock worth $7,176,180. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AJG. Keefe, Bruyette & Woods reduced their target price on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. Truist Financial restated a “buy” rating and set a $280.00 target price on shares of Arthur J. Gallagher & Co. in a report on Tuesday. Finally, Raymond James cut Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $255.77.

Arthur J. Gallagher & Co. Trading Up 0.6 %

NYSE AJG opened at $247.79 on Thursday. The stock has a market capitalization of $54.09 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 2.35 and a beta of 0.68. The stock’s 50 day moving average price is $242.38 and its two-hundred day moving average price is $237.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. Arthur J. Gallagher & Co. has a 52 week low of $185.43 and a 52 week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion for 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 quarter in the previous year, the business posted $1.54 EPS. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.60 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 0.97%. Arthur J. Gallagher & Co.’s payout ratio is presently 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.