Fidelis Capital Partners LLC Acquires 101 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Fidelis Capital Partners LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,426 shares of the financial services provider’s stock after acquiring an additional 101 shares during the period. Fidelis Capital Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $321,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 4.4% during the fourth quarter. Xponance Inc. now owns 28,999 shares of the financial services provider’s stock valued at $6,521,000 after buying an additional 1,226 shares during the last quarter. Tilt Investment Management Holdings PBC purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth $203,000. Cambridge Trust Co. boosted its position in Arthur J. Gallagher & Co. by 5.1% in the fourth quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 47 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Arthur J. Gallagher & Co. by 132.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 465 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 265 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth $18,739,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AJG shares. TD Cowen boosted their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Truist Financial restated a “hold” rating and issued a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods lowered their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their target price for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $236.57 on Friday. The firm has a market capitalization of $51.64 billion, a P/E ratio of 53.28, a P/E/G ratio of 2.17 and a beta of 0.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock’s 50-day simple moving average is $244.38 and its two-hundred day simple moving average is $238.69. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The firm 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 earned $1.54 EPS. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.60 per share. 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 annualized dividend and a yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 54.05%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. 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 completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Johnson sold 500 shares of the company’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 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 disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock worth $7,176,180 in the last ninety days. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. 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.