Mark Sheptoff Financial Planning LLC Raises Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Mark Sheptoff Financial Planning LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 100.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 200 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Arthur J. Gallagher & Co. were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Zions Bancorporation N.A. grew its stake in shares of Arthur J. Gallagher & Co. by 863.1% during the 4th quarter. Zions Bancorporation N.A. now owns 1,801 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 1,614 shares during the period. TIAA Trust National Association lifted its holdings in Arthur J. Gallagher & Co. by 5.2% during the fourth quarter. TIAA Trust National Association now owns 4,082 shares of the financial services provider’s stock valued at $1,159,000 after purchasing an additional 203 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of Arthur J. Gallagher & Co. by 1.7% in the fourth quarter. FineMark National Bank & Trust now owns 46,869 shares of the financial services provider’s stock worth $13,304,000 after purchasing an additional 788 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Arthur J. Gallagher & Co. by 11.6% in the fourth quarter. TD Asset Management Inc. now owns 892,709 shares of the financial services provider’s stock valued at $253,395,000 after purchasing an additional 92,990 shares during the period. Finally, Corebridge Financial Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 9.3% during the 4th quarter. Corebridge Financial Inc. now owns 69,567 shares of the financial services provider’s stock valued at $19,747,000 after buying an additional 5,911 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AJG has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research report on Friday, March 21st. Truist Financial raised their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $313.20.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $337.55 on Wednesday. The business’s 50-day moving average price is $318.98 and its 200-day moving average price is $300.11. The firm has a market capitalization of $85.97 billion, a PE ratio of 51.77 and a beta of 0.75. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS 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 forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.65 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is currently 39.88%.

Insider Activity 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 on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the business’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 completion of the transaction, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 in the last ninety days. 1.60% of the stock is owned by company insiders.

About Arthur J. Gallagher & Co.

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.