1,874 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC purchased a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,874 shares of the financial services provider’s stock, valued at approximately $421,000.

A number of other hedge funds also recently modified their holdings of AJG. Beaird Harris Wealth Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $28,000. SJS Investment Consulting Inc. grew its position in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. bought a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $33,000. Finally, Milestone Investment Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $45,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock worth $7,176,180 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AJG. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their target price for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada boosted their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. TD Cowen upped their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $234.11 on Friday. The business’s 50 day simple moving average is $244.23 and its 200 day simple moving average is $238.97. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10. The stock has a market capitalization of $51.11 billion, a PE ratio of 47.39, a PEG ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 19.27% and a net margin of 10.27%. During the same period in the prior year, the business earned $1.54 EPS. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.