1,877 Shares in Arthur J. Gallagher & Co. $AJG Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the third quarter, Holdings Channel.com reports. The firm acquired 1,877 shares of the financial services provider’s stock, valued at approximately $428,000.

Other large investors have also made changes to their positions in the company. Triumph Capital Management lifted its position in shares of Arthur J. Gallagher & Co. by 4,000.0% during the 3rd quarter. Triumph Capital Management now owns 123 shares of the financial services provider’s stock valued at $28,000 after buying an additional 120 shares in the last quarter. NFSG Corp grew its stake in Arthur J. Gallagher & Co. by 4,033.3% in the 3rd quarter. NFSG Corp now owns 124 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 121 shares during the period. Axiom Investment Management LLC purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth $28,000. Cassaday & Co Wealth Management LLC purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth $29,000. Finally, Physician Wealth Advisors Inc. increased its holdings in Arthur J. Gallagher & Co. by 57.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 54 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 30th. Argus lifted their target price on shares of Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Weiss Ratings raised shares of Arthur J. Gallagher & Co. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Piper Sandler restated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, September 24th. Finally, Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and an average target price of $292.05.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, VP William F. Ziebell sold 23,510 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $286.62, for a total transaction of $6,738,436.20. Following the completion of the sale, the vice president owned 48,942 shares of the company’s stock, valued at approximately $14,027,756.04. This represents a 32.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Pietrucha sold 15,020 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $282.30, for a total transaction of $4,240,146.00. Following the completion of the sale, the insider owned 16,791 shares of the company’s stock, valued at approximately $4,740,099.30. The trade was a 47.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 105,616 shares of company stock valued at $29,193,156. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.3%

Shares of AJG opened at $281.88 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $294.53. The stock has a market capitalization of $72.28 billion, a price-to-earnings ratio of 43.10, a PEG ratio of 1.62 and a beta of 0.47. The stock has a 50 day moving average price of $251.11 and a 200 day moving average price of $233.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.90% and a net margin of 10.39%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm posted $2.32 EPS. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 13.13 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, December 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, December 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is 42.81%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs. The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.