Arthur J. Gallagher & Co. $AJG Stock Purchased by Krilogy Financial LLC

Krilogy Financial LLC grew its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 308.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,742 shares of the financial services provider’s stock after buying an additional 6,600 shares during the quarter. Krilogy Financial LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,994,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 123.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,887,538 shares of the financial services provider’s stock valued at $1,523,636,000 after acquiring an additional 3,253,498 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,242,088 shares of the financial services provider’s stock valued at $702,182,000 after acquiring an additional 409,145 shares in the last quarter. Gtcr LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $514,112,000. Janus Henderson Group PLC boosted its position in Arthur J. Gallagher & Co. by 14.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,869,559 shares of the financial services provider’s stock worth $483,868,000 after purchasing an additional 239,272 shares during the period. Finally, Bank of America Corp DE boosted its position in Arthur J. Gallagher & Co. by 23.0% during the 1st quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider’s stock worth $401,645,000 after purchasing an additional 346,409 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 5.5%

Shares of Arthur J. Gallagher & Co. stock opened at $250.17 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $288.33. The business has a 50-day moving average of $246.27 and a 200-day moving average of $232.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $64.12 billion, a PE ratio of 41.49, a P/E/G ratio of 1.35 and a beta of 0.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%. Arthur J. Gallagher & Co.’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 EPS. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 13.17 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 46.43%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, September 24th. Citigroup boosted their price objective on Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company decreased their target price on Arthur J. Gallagher & Co. from $291.00 to $284.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, October 9th. Finally, Mizuho lowered their target price on Arthur J. Gallagher & Co. from $292.00 to $271.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.74.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard Cary sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total value of $252,860.00. Following the completion of the sale, the chief accounting officer directly owned 46,819 shares in the company, valued at approximately $11,838,652.34. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Mead sold 3,500 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total transaction of $899,570.00. Following the sale, the vice president directly owned 22,223 shares in the company, valued at $5,711,755.46. This trade represents a 13.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,500 shares of company stock worth $7,562,950 in the last quarter. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company headquartered in Rolling Meadows, Illinois. The company helps businesses, public entities and individuals identify, manage and transfer risk through insurance brokerage, employee benefits consulting, risk management and related advisory services.

Gallagher operates through several businesses, including retail insurance brokerage, wholesale brokerage and reinsurance brokerage. Its Gallagher Re business provides reinsurance broking and advisory services, while Gallagher Bassett provides third-party claims administration and related risk management services.