Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 935 shares of the financial services provider’s stock after purchasing an additional 50 shares during the period. Harbour Investments Inc.’s holdings in Arthur J. Gallagher & Co. were worth $266,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 4.1% during the third quarter. PNC Financial Services Group Inc. now owns 59,936 shares of the financial services provider’s stock valued at $16,864,000 after buying an additional 2,384 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the third quarter valued at $8,219,000. Moors & Cabot Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 4.4% during the third quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider’s stock valued at $261,000 after buying an additional 39 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Arthur J. Gallagher & Co. during the third quarter valued at $324,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Arthur J. Gallagher & Co. by 0.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,432 shares of the financial services provider’s stock valued at $8,563,000 after buying an additional 189 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,235 shares of company stock worth $7,478,224. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.7 %

AJG opened at $332.02 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $345.43. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $316.96 and a 200 day moving average price of $299.46. The company has a market cap of $84.57 billion, a PE ratio of 50.92 and a beta of 0.75.

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, 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%. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 39.88%.

Analyst Ratings Changes

Several research firms have commented on AJG. Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a report on Friday. Two equities 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 company’s stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average price target of $310.43.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.