Toroso Investments LLC Purchases 301 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Toroso Investments LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,098 shares of the financial services provider’s stock after acquiring an additional 301 shares during the period. Toroso Investments LLC’s holdings in Arthur J. Gallagher & Co. were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC purchased a new stake in Arthur J. Gallagher & Co. during the first quarter worth $28,000. Compagnie Lombard Odier SCmA purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $29,000. ZRC Wealth Management LLC bought a new position in Arthur J. Gallagher & Co. in the first quarter worth about $29,000. Carderock Capital Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $38,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.

Insider Buying and Selling

In other news, CFO Douglas K. Howell sold 4,588 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $228.92, for a total value of $1,050,284.96. Following the completion of the sale, the chief financial officer now directly owns 127,942 shares in the company, valued at $29,288,482.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 3,300 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $226.14, for a total transaction of $746,262.00. Following the completion of the transaction, the vice president now owns 10,816 shares of the company’s stock, valued at $2,445,930.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas K. Howell sold 4,588 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $228.92, for a total value of $1,050,284.96. Following the sale, the chief financial officer now owns 127,942 shares of the company’s stock, valued at $29,288,482.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,888 shares of company stock valued at $8,576,247. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com began coverage on shares of Arthur J. Gallagher & Co. in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Jefferies Financial Group boosted their price target on Arthur J. Gallagher & Co. from $238.00 to $245.00 in a research note on Friday, June 16th. UBS Group lifted their target price on shares of Arthur J. Gallagher & Co. from $212.00 to $220.00 in a research note on Friday, June 16th. Finally, VNET Group reaffirmed a “maintains” rating on shares of Arthur J. Gallagher & Co. in a report on Tuesday, May 23rd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $234.23.

Arthur J. Gallagher & Co. Stock Up 1.4 %

Shares of AJG stock opened at $233.32 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $167.93 and a twelve month high of $233.49. The stock has a market cap of $50.28 billion, a P/E ratio of 45.48, a P/E/G ratio of 2.17 and a beta of 0.69. The stock has a 50 day moving average of $222.92 and a 200 day moving average of $209.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.04. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Arthur J. Gallagher & Co. had a net margin of 12.11% and a return on equity of 18.65%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 EPS. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 8.75 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.20 annualized dividend and a dividend yield of 0.94%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 42.88%.

Arthur J. Gallagher & Co. Profile

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 businesses and organizations 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.