Concurrent Investment Advisors LLC Has $2.27 Million Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Concurrent Investment Advisors LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,979 shares of the financial services provider’s stock after acquiring an additional 355 shares during the period. Concurrent Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Catalina Capital Group LLC raised its position in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 35 shares during the last quarter. W Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 2.4% during the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 36 shares during the last quarter. Greenleaf Trust raised its position in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock worth $940,000 after acquiring an additional 36 shares during the last quarter. Covenant Partners LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock worth $1,499,000 after acquiring an additional 38 shares during the last quarter. Finally, Disciplined Investments LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.7% during the third 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 during the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.0 %

NYSE:AJG opened at $325.28 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market cap of $82.85 billion, a price-to-earnings ratio of 49.89 and a beta of 0.77. The stock has a 50-day moving average price of $297.14 and a two-hundred day moving average price of $293.00. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $329.60.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping 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%. As a group, equities analysts expect 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 disclosed 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. This represents a $2.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 36.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AJG. Barclays boosted their target price on 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. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods upped their price objective on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $307.00.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the transaction, the director now directly owns 16,533 shares of the company’s stock, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,725 shares of company stock valued at $4,972,964. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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.