Delta Global Management LP Purchases Shares of 8,328 Arthur J. Gallagher & Co. $AJG

Delta Global Management LP acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,328 shares of the financial services provider’s stock, valued at approximately $2,580,000.

Other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 870.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the last quarter. Financial Life Planners purchased a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter worth $39,000. Central Pacific Bank Trust Division boosted its holdings in Arthur J. Gallagher & Co. by 40.6% in the third quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 39 shares during the last quarter. Finally, Westside Investment Management Inc. grew its position in Arthur J. Gallagher & Co. by 100.0% during the third quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 68 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AJG shares. Barclays upgraded Arthur J. Gallagher & Co. from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $247.00 to $262.00 in a report on Wednesday, March 11th. Cantor Fitzgerald reissued a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, January 30th. Citigroup raised their price target on shares of Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Wolfe Research set a $289.00 price objective on shares of Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group dropped their price objective on shares of Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $282.65.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $207.86 on Monday. The company has a market cap of $53.44 billion, a PE ratio of 33.80, a P/E/G ratio of 1.01 and a beta of 0.67. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23. The firm has a 50-day simple moving average of $234.93 and a 200 day simple moving average of $259.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. Arthur J. Gallagher & Co.’s revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s payout ratio is presently 45.53%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the sale, the vice president directly owned 85,920 shares in the company, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the transaction, the vice president directly owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. This trade represents a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,650 shares of company stock valued at $8,137,686 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.