Personal CFO Solutions LLC Has $515,000 Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Personal CFO Solutions LLC lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,814 shares of the financial services provider’s stock after acquiring an additional 239 shares during the quarter. Personal CFO Solutions LLC’s holdings in Arthur J. Gallagher & Co. were worth $515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Amundi lifted its position in shares of Arthur J. Gallagher & Co. by 61.6% during the fourth quarter. Amundi now owns 723,447 shares of the financial services provider’s stock worth $206,544,000 after purchasing an additional 275,832 shares in the last quarter. Fairfield Financial Advisors LTD lifted its holdings in Arthur J. Gallagher & Co. by 20.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 7,366 shares of the financial services provider’s stock valued at $2,091,000 after buying an additional 1,228 shares during the period. AMF Tjanstepension AB acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $18,843,000. PNC Financial Services Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 63,319 shares of the financial services provider’s stock worth $17,973,000 after buying an additional 3,383 shares during the last quarter. Finally, Banco Santander S.A. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $400,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $323.81 on Monday. The company has a market capitalization of $82.47 billion, a price-to-earnings ratio of 49.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $345.43. The business has a 50 day moving average of $307.89 and a 200 day moving average of $296.99.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.80%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 325 shares of the stock in a transaction on Wednesday, February 12th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on AJG shares. Wells Fargo & Company lowered their price objective on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Barclays lifted their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.