Inceptionr LLC Purchases 2,411 Shares of Arthur J. Gallagher & Co. $AJG

Inceptionr LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 151.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,005 shares of the financial services provider’s stock after acquiring an additional 2,411 shares during the quarter. Inceptionr LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,036,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Smithbridge Asset Management Inc. DE increased its stake in Arthur J. Gallagher & Co. by 102.5% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 65,094 shares of the financial services provider’s stock valued at $16,846,000 after acquiring an additional 32,950 shares during the last quarter. Zions Bancorporation National Association UT increased its stake in Arthur J. Gallagher & Co. by 697.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 2,121 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 1,855 shares during the last quarter. J.Safra Asset Management Corp increased its stake in Arthur J. Gallagher & Co. by 2,734.2% in the fourth quarter. J.Safra Asset Management Corp now owns 3,231 shares of the financial services provider’s stock valued at $836,000 after acquiring an additional 3,117 shares during the last quarter. Portfolio Design Labs LLC increased its stake in Arthur J. Gallagher & Co. by 1.6% in the fourth quarter. Portfolio Design Labs LLC now owns 5,016 shares of the financial services provider’s stock valued at $1,298,000 after acquiring an additional 81 shares during the last quarter. Finally, Monetary Management Group Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $621,000. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a research note on Friday, May 1st. Barclays boosted their target price on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Truist Financial decreased their target price on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company decreased their target price on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $278.00 in a research note on Tuesday, March 24th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.71.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $220.25 on Thursday. The firm has a market cap of $56.58 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52. The firm’s fifty day moving average is $210.83 and its 200-day moving average is $228.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $327.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. Arthur J. Gallagher & Co.’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.67 earnings per share. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s payout ratio is 45.31%.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the transaction, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% 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.