AMG National Trust Bank Purchases 115 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

AMG National Trust Bank lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,573 shares of the financial services provider’s stock after buying an additional 115 shares during the quarter. AMG National Trust Bank’s holdings in Arthur J. Gallagher & Co. were worth $447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Andra AP fonden grew its stake in shares of Arthur J. Gallagher & Co. by 20.2% in the fourth quarter. Andra AP fonden now owns 14,900 shares of the financial services provider’s stock valued at $4,229,000 after buying an additional 2,500 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Arthur J. Gallagher & Co. by 8.6% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,502 shares of the financial services provider’s stock valued at $710,000 after buying an additional 199 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $770,000. Callan Family Office LLC grew its stake in shares of Arthur J. Gallagher & Co. by 97.7% in the fourth quarter. Callan Family Office LLC now owns 14,855 shares of the financial services provider’s stock valued at $4,217,000 after buying an additional 7,341 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 6.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 13,072 shares of the financial services provider’s stock valued at $3,710,000 after buying an additional 786 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $14,422,812.98. The trade was a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock valued at $4,972,964 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 4.7 %

AJG opened at $323.81 on Friday. The company has a market capitalization of $82.47 billion, a P/E ratio of 49.66 and a beta of 0.75. The stock has a fifty day moving average of $307.89 and a 200-day moving average of $296.94. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS 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, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is 39.88%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research report on Monday, November 25th. Wells Fargo & Company reduced 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. Finally, Truist Financial lifted their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average 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.