Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC raised its stake in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 104,226.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 71,985 shares of the financial services provider’s stock after buying an additional 71,916 shares during the quarter. GW&K Investment Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $16,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC boosted its position in Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at $28,000. SJS Investment Consulting Inc. grew its position in shares of Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in Arthur J. Gallagher & Co. during the 3rd quarter valued at about $45,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG traded up $0.47 during midday trading on Wednesday, reaching $258.31. The company’s stock had a trading volume of 49,412 shares, compared to its average volume of 839,211. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $259.35. The company has a market cap of $56.44 billion, a price-to-earnings ratio of 52.18, a price-to-earnings-growth ratio of 2.39 and a beta of 0.69. The company has a 50 day moving average price of $244.59 and a 200 day moving average price of $240.57. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.08. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.03 earnings per share. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 10.08 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.93%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 48.58%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares in the company, valued at $24,666,597.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the transaction, the vice president now owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,219 shares of company stock valued at $12,727,781. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Cowen raised their price target on shares of 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. Piper Sandler lowered their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Keefe, Bruyette & Woods reduced their price target on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Truist Financial reissued a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Finally, Bank of America upped their price objective on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $255.71.

Read Our Latest Research Report on AJG

Arthur J. Gallagher & Co. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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