Atria Investments Inc Boosts Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Atria Investments Inc grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,593 shares of the financial services provider’s stock after purchasing an additional 392 shares during the quarter. Atria Investments Inc’s holdings in Arthur J. Gallagher & Co. were worth $8,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Catalina Capital Group LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 35 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Arthur J. Gallagher & Co. by 1.1% during the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 36 shares in the last quarter. Disciplined Investments LLC increased its holdings in Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider’s stock worth $1,635,000 after acquiring an additional 38 shares in the last quarter. Seelaus Asset Management LLC increased its holdings in Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 38 shares in the last quarter. Finally, Brendel Financial Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after acquiring an additional 38 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the director now owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares in the company, valued at $5,031,487.89. The trade was a 13.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,725 shares of company stock valued at $4,972,964. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Trading Up 1.1 %

Shares of AJG stock opened at $341.00 on Thursday. The company’s 50-day moving average price is $306.11 and its 200-day moving average price is $296.31. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $86.85 billion, a price-to-earnings ratio of 52.30 and a beta of 0.77. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share 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 given a dividend of $0.65 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

Analyst Ratings Changes

Several brokerages recently commented on AJG. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Truist Financial boosted their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday, November 25th. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $307.93.

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.