National Wealth Management Group LLC Purchases 1,631 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

National Wealth Management Group LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 105.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,185 shares of the financial services provider’s stock after buying an additional 1,631 shares during the quarter. National Wealth Management Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $25,000. MRP Capital Investments LLC bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at about $28,000. New Age Alpha Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after buying an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $36,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AJG shares. Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research note on Friday, March 21st. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Royal Bank of Canada raised their price objective 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. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 target price for the company. Finally, Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $313.20.

Arthur J. Gallagher & Co. Trading Up 1.2 %

Shares of Arthur J. Gallagher & Co. stock opened at $345.01 on Tuesday. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $350.53. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $322.73 and its 200-day moving average is $301.35. The stock has a market cap of $88.23 billion, a P/E ratio of 52.92 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the sale, the director now owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares in the company, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.