TritonPoint Partners LLC Invests $721,000 in Arthur J. Gallagher & Co. $AJG

TritonPoint Partners LLC acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,786 shares of the financial services provider’s stock, valued at approximately $721,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AJG. Rakuten Securities Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 650.0% in the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Financial Life Planners bought a new position in Arthur J. Gallagher & Co. in the 3rd quarter worth $39,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Arthur J. Gallagher & Co. by 668.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after buying an additional 147 shares during the period. CVA Family Office LLC boosted its holdings in Arthur J. Gallagher & Co. by 84.8% in the 4th quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after buying an additional 84 shares during the period. Finally, Entrust Financial LLC bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $51,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Down 0.1%

AJG opened at $218.53 on Monday. The firm has a 50-day simple moving average of $210.97 and a two-hundred day simple moving average of $227.92. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $327.34. The company has a market capitalization of $56.14 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the firm earned $3.67 EPS. The business’s revenue was up 29.0% on a year-over-year basis. Analysts forecast that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.31%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the transaction, the chief accounting officer owned 47,819 shares of the company’s stock, valued at $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AJG has been the subject of several recent analyst reports. BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Wells Fargo & Company dropped their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $235.00 to $265.00 in a report on Thursday. Truist Financial dropped their target price on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $280.00 to $250.00 in a report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $263.71.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.