Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Austin Private Wealth LLC

Austin Private Wealth LLC increased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,162 shares of the financial services provider’s stock after buying an additional 308 shares during the quarter. Austin Private Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $614,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Arthur J. Gallagher & Co. by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,421 shares of the financial services provider’s stock worth $2,183,000 after acquiring an additional 586 shares in the last quarter. Quarry LP purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth about $29,000. EP Wealth Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 21.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,122 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 197 shares in the last quarter. Cetera Investment Advisers lifted its stake in Arthur J. Gallagher & Co. by 12.9% in the 2nd quarter. Cetera Investment Advisers now owns 61,484 shares of the financial services provider’s stock worth $15,943,000 after acquiring an additional 7,035 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth about $26,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AJG has been the topic of several research reports. BMO Capital Markets upped their target price 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. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research report on Monday, November 25th. Finally, Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $307.00.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $302.20 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $75.49 billion, a PE ratio of 57.56 and a beta of 0.76. Arthur J. Gallagher & Co. has a one year low of $227.43 and a one year high of $316.72. The business has a 50 day simple moving average of $291.70 and a 200 day simple moving average of $288.46.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 10.04 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.65 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.71%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.