Tidal Investments LLC Grows Stock Holdings in Arthur J. Gallagher & Co. $AJG

Tidal Investments LLC raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 303.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 638,601 shares of the financial services provider’s stock after purchasing an additional 480,413 shares during the quarter. Tidal Investments LLC’s holdings in Arthur J. Gallagher & Co. were worth $146,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth about $26,000. Rakuten Securities Inc. raised its position in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $34,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $29,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the completion of the sale, the vice president owned 22,223 shares of the company’s stock, valued at approximately $5,711,755.46. This represents a 13.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Walter D. Bay sold 12,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $270.08, for a total transaction of $3,240,960.00. Following the transaction, the general counsel owned 71,292 shares in the company, valued at approximately $19,254,543.36. This represents a 14.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,500 shares of company stock worth $7,310,090. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AJG shares. Argus raised their price target on Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Mizuho increased their target price on shares of Arthur J. Gallagher & Co. from $287.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald raised their target price on shares of Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada upped their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Morgan Stanley increased their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $290.28.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $244.65 on Thursday. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $313.55. The firm has a market cap of $62.70 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 1.52 and a beta of 0.50. The business’s fifty day simple moving average is $255.42 and its two-hundred day simple moving average is $228.58. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the business posted $2.33 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts predict that Arthur J. Gallagher & Co. will post 13.28 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s payout ratio is currently 46.43%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The company helps businesses, institutions and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, risk management, claims administration, actuarial services, captive insurance and wholesale brokerage. Gallagher arranges commercial property and casualty coverage, personal insurance, specialty insurance and employee benefit programs, while also providing services designed to help clients manage workplace, liability and other operational risks.

Founded in 1927 by Arthur J.