Tilt Investment Management Holdings PBC Takes Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Tilt Investment Management Holdings PBC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 902 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other hedge funds have also made changes to their positions in AJG. U.S. Capital Wealth Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. by 7.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock valued at $225,000 after buying an additional 90 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Arthur J. Gallagher & Co. by 49.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 1,744 shares during the period. Prudential PLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $838,000. Sequoia Financial Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 37.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 693 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Arthur J. Gallagher & Co. by 25.0% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock worth $1,953,000 after purchasing an additional 2,235 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $233.99 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $256.10. The firm’s fifty day simple moving average is $244.43 and its 200-day simple moving average is $238.61. The firm has a market capitalization of $51.08 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 2.17 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the business earned $1.54 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 54.05%.

Analysts Set New Price Targets

AJG has been the subject of a number of research analyst reports. TD Cowen increased their price objective 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. Royal Bank of Canada increased their price objective 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. Keefe, Bruyette & Woods lowered their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Finally, Truist Financial reissued a “hold” rating and issued 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $255.23.

Insider Buying and Selling

In related news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction 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 sale, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction 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 sale, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the sale, the vice president now owns 322,797 shares in the company, valued at $76,712,707.05. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

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.