Entropy Technologies LP Purchases Shares of 24,482 Arthur J. Gallagher & Co. $AJG

Entropy Technologies LP purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,482 shares of the financial services provider’s stock, valued at approximately $5,302,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its position in 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 acquiring an additional 91 shares during the period. MV Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $34,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at $29,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $42,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $247.57 on Friday. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $315.48. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $63.60 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. The company’s 50-day moving average price is $226.33 and its two-hundred day moving average price is $225.22.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. The company had revenue of $4.71 billion during 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%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.67 EPS. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AJG. Truist Financial decreased their target price on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Jefferies Financial Group upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $235.00 to $265.00 in a report on Thursday, June 11th. Morgan Stanley boosted their target price on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Cantor Fitzgerald upped their target price on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $280.35.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.