BXM Wealth LLC Buys Shares of 1,097 Arthur J. Gallagher & Co. (NYSE:AJG)

BXM Wealth LLC purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,097 shares of the financial services provider’s stock, valued at approximately $311,000.

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after buying an additional 87 shares during the last quarter. Rakuten Securities Inc. raised its holdings 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. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $36,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 2.1 %

NYSE AJG opened at $321.59 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $329.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The stock has a market cap of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. The firm’s 50 day moving average price is $293.45 and its two-hundred day moving average price is $291.61.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. 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 0.81%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 36.81%.

Insider Activity

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 325 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the sale, the director now directly owns 44,783 shares in the company, valued at $14,422,812.98. This represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock worth $4,972,964 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AJG shares. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Barclays boosted their target price 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. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Finally, Truist Financial boosted their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $307.00.

Arthur J. Gallagher & Co. Company 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.