Arthur J. Gallagher & Co. (NYSE:AJG) Position Boosted by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 52.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,965 shares of the financial services provider’s stock after purchasing an additional 5,141 shares during the period. Tidal Investments LLC’s holdings in Arthur J. Gallagher & Co. were worth $4,248,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Running Oak Capital LLC lifted its position in shares of Arthur J. Gallagher & Co. by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after acquiring an additional 3,983 shares during the last quarter. Red Spruce Capital LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $298,000. Hartford Investment Management Co. boosted its position in shares of Arthur J. Gallagher & Co. by 11.1% in the 4th quarter. Hartford Investment Management Co. now owns 15,434 shares of the financial services provider’s stock valued at $4,381,000 after purchasing an additional 1,537 shares during the period. Iams Wealth Management LLC increased its stake in Arthur J. Gallagher & Co. by 65.0% in the 4th quarter. Iams Wealth Management LLC now owns 7,962 shares of the financial services provider’s stock worth $2,260,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Arthur J. Gallagher & Co. by 4.0% during the 4th quarter. Retirement Systems of Alabama now owns 181,269 shares of the financial services provider’s stock worth $51,453,000 after buying an additional 6,905 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the completion of the transaction, the director now owns 45,323 shares of the company’s stock, valued at $15,502,278.92. The trade was a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 13,500 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the sale, the insider now directly owns 11,941 shares in the company, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,010 shares of company stock worth $7,493,056. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AJG. Keefe, Bruyette & Woods boosted their price target on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a “market perform” rating in a report on Friday, May 2nd. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a “neutral” rating and a $352.00 price target on the stock. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group lowered their target price on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $318.57.

Arthur J. Gallagher & Co. Trading Down 1.0%

Shares of NYSE AJG opened at $340.23 on Wednesday. The stock has a market cap of $87.13 billion, a price-to-earnings ratio of 52.18 and a beta of 0.78. The business has a 50 day simple moving average of $331.50 and a 200 day simple moving average of $312.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52 week low of $244.60 and a 52 week high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, May 1st. The financial services provider reported $3.67 EPS for the quarter, topping the consensus estimate of $3.57 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.85 billion. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.45 earnings per share. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 37.63%.

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.