Arthur J. Gallagher & Co. (NYSE:AJG) Stock Holdings Increased by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC raised its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 967 shares of the financial services provider’s stock after buying an additional 198 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalina Capital Group LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after acquiring an additional 35 shares in the last quarter. Greenleaf Trust grew its stake in Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 36 shares in the last quarter. Seelaus Asset Management LLC increased its position in Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock worth $1,542,000 after purchasing an additional 38 shares during the last quarter. Brendel Financial Advisors LLC raised its stake in shares of Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 38 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 4.4% during the 3rd quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the sale, the director now owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the sale, the chief accounting officer now directly owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,725 shares of company stock valued at $4,972,964 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AJG. Wells Fargo & Company cut their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Barclays raised their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. BMO Capital Markets raised their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $307.93.

Arthur J. Gallagher & Co. Stock Down 0.7 %

Shares of AJG stock opened at $321.71 on Tuesday. The stock’s 50 day simple moving average is $308.64 and its 200 day simple moving average is $297.20. 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. has a twelve month low of $230.08 and a twelve month high of $345.43. The company has a market capitalization of $81.94 billion, a price-to-earnings ratio of 49.34 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (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%. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Arthur J. Gallagher & Co. Company Profile

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.