Signaturefd LLC Buys 57 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Signaturefd LLC lifted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,467 shares of the financial services provider’s stock after purchasing an additional 57 shares during the quarter. Signaturefd LLC’s holdings in Arthur J. Gallagher & Co. were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC raised its stake in Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $33,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at about $45,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AJG. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. TD Cowen lifted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Truist Financial reaffirmed a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $255.23.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $237.52 on Tuesday. The firm has a market capitalization of $51.85 billion, a PE ratio of 53.50, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. The business’s 50-day moving average is $244.42 and its two-hundred day moving average is $238.91. Arthur J. Gallagher & Co. has a 1 year low of $198.52 and a 1 year high of $256.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business posted $1.54 EPS. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.01%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

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

In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the transaction, the vice president now directly owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now owns 322,797 shares of the company’s stock, valued at approximately $76,712,707.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is owned by insiders.

About Arthur J. Gallagher & Co.

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 entities and individuals 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.