Bryn Mawr Capital Management LLC Grows Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Bryn Mawr Capital Management LLC lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 310.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,480 shares of the financial services provider’s stock after acquiring an additional 10,955 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $4,110,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AJG. Key Financial Inc boosted its holdings in Arthur J. Gallagher & Co. by 29.8% in the 4th quarter. Key Financial Inc now owns 636 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 146 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $48,000. D.A. Davidson & CO. boosted its stake in shares of Arthur J. Gallagher & Co. by 3.3% in the fourth quarter. D.A. Davidson & CO. now owns 2,940 shares of the financial services provider’s stock valued at $835,000 after purchasing an additional 95 shares during the period. CIBC Asset Management Inc grew its holdings in Arthur J. Gallagher & Co. by 12.1% during the 4th quarter. CIBC Asset Management Inc now owns 48,314 shares of the financial services provider’s stock valued at $13,714,000 after purchasing an additional 5,198 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in Arthur J. Gallagher & Co. by 2.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 18,702 shares of the financial services provider’s stock worth $5,309,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Barclays increased their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. BMO Capital Markets lifted their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $307.00.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $327.30 on Thursday. The company has a market cap of $81.76 billion, a PE ratio of 50.20 and a beta of 0.77. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $329.60. The firm has a 50-day simple moving average of $295.38 and a 200 day simple moving average of $292.53. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating 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, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. Arthur J. Gallagher & Co.’s payout ratio is 36.81%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 325 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now owns 44,783 shares in the company, valued at approximately $14,422,812.98. This represents a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,725 shares of company stock worth $4,972,964. Insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.