Arthur J. Gallagher & Co. (NYSE:AJG) is Ayrshire Capital Management LLC’s 8th Largest Position

Ayrshire Capital Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,416 shares of the financial services provider’s stock after buying an additional 448 shares during the quarter. Arthur J. Gallagher & Co. makes up about 4.1% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Ayrshire Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $8,350,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AJG. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Arthur J. Gallagher & Co. in the second quarter worth $26,000. Mark Sheptoff Financial Planning LLC purchased a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $26,000. Rakuten Securities Inc. raised its position in shares of Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth $29,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $285.67 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $291.77 and its 200-day simple moving average is $286.12. The firm has a market capitalization of $71.36 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 2.41 and a beta of 0.76. Arthur J. Gallagher & Co. has a twelve month low of $227.08 and a twelve month high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.26. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post 10.12 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.71%.

Insider Activity

In other news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of several recent research reports. Barclays upped their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Truist Financial increased their price objective on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $377.00 in a report on Friday. Jefferies Financial Group lifted their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $304.07.

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.