Regal Investment Advisors LLC Acquires 67 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Regal Investment Advisors LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,703 shares of the financial services provider’s stock after purchasing an additional 67 shares during the quarter. Regal Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Catalina Capital Group LLC raised its position in Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after buying an additional 35 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 36 shares in the last quarter. Brendel Financial Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.5% during the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 38 shares during the last quarter. Finally, Tucker Asset Management LLC grew its position in Arthur J. Gallagher & Co. by 3.0% in the 4th quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research report on Friday, March 21st. Truist Financial boosted their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $315.27.

Insider Buying and Selling

In other news, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock valued at $7,478,224 over the last three months. 1.30% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $332.75 on Thursday. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $350.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $85.10 billion, a price-to-earnings ratio of 51.04 and a beta of 0.64. The company’s fifty day moving average price is $330.13 and its 200-day moving average price is $305.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.65 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.’s payout ratio is 39.88%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.