Fidelis Capital Partners LLC Acquires 205 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Fidelis Capital Partners LLC increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the financial services provider’s stock after acquiring an additional 205 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $556,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LGT Fund Management Co Ltd. increased its stake in Arthur J. Gallagher & Co. by 60.4% in the fourth quarter. LGT Fund Management Co Ltd. now owns 5,312 shares of the financial services provider’s stock valued at $1,508,000 after purchasing an additional 2,000 shares in the last quarter. Bellecapital International Ltd. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $241,000. SBI Securities Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $94,000. Jones Financial Companies Lllp boosted its holdings in Arthur J. Gallagher & Co. by 337.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,243 shares of the financial services provider’s stock worth $921,000 after acquiring an additional 2,502 shares in the last quarter. Finally, Modera Wealth Management LLC grew its stake in Arthur J. Gallagher & Co. by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 1,558 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AJG shares. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a research report on Monday, November 25th. Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $307.00.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the transaction, the director now owns 44,783 shares of the company’s stock, valued at approximately $14,422,812.98. The trade was a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at $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 15,725 shares of company stock valued at $4,972,964 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $341.70 on Tuesday. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $343.21. 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 business has a fifty day simple moving average of $304.08 and a two-hundred day simple moving average of $295.63. The company has a market capitalization of $87.03 billion, a P/E ratio of 52.41 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Arthur J. Gallagher & Co. Company 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.