Catalina Capital Group LLC Has $700,000 Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Catalina Capital Group LLC grew its stake in Arthur J. Gallagher & Co. (NYSE:AJGFree Report) by 32.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,798 shares of the financial services provider’s stock after purchasing an additional 678 shares during the quarter. Catalina Capital Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $700,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $27,000. SJS Investment Consulting Inc. increased its position in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $31,000. Ruedi Wealth Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $33,000. Finally, Security National Bank bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 800 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $257.24, for a total transaction of $205,792.00. Following the completion of the sale, the general counsel now directly owns 44,691 shares in the company, valued at $11,496,312.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Douglas K. Howell sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the transaction, the chief financial officer now directly owns 80,952 shares of the company’s stock, valued at $20,109,286.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Walter D. Bay sold 800 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $257.24, for a total transaction of $205,792.00. Following the transaction, the general counsel now directly owns 44,691 shares in the company, valued at $11,496,312.84. The disclosure for this sale can be found here. Insiders sold 53,165 shares of company stock worth $13,629,049 over the last three months. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. Truist Financial reiterated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Piper Sandler lowered their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $240.00 target price on shares of Arthur J. Gallagher & Co. in a report on Wednesday, June 26th. Finally, Royal Bank of Canada increased their target price on Arthur J. Gallagher & Co. from $282.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $263.00.

View Our Latest Stock Analysis on Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded up $3.94 during mid-day trading on Wednesday, hitting $267.87. The stock had a trading volume of 742,895 shares, compared to its average volume of 856,318. Arthur J. Gallagher & Co. has a twelve month low of $212.39 and a twelve month high of $268.52. The stock has a market cap of $58.53 billion, a price-to-earnings ratio of 54.23, a PEG ratio of 2.36 and a beta of 0.72. The company’s 50 day simple moving average is $254.85 and its 200 day simple moving average is $244.45. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its 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. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the business posted $3.03 EPS. Arthur J. Gallagher & Co.’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.09 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.90%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

About Arthur J. Gallagher & Co.

(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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