Bison Wealth LLC Grows Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Bison Wealth LLC increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the financial services provider’s stock after buying an additional 907 shares during the period. Bison Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AJG. Greenleaf Trust increased its position in Arthur J. Gallagher & Co. by 1.4% during the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in Arthur J. Gallagher & Co. by 14.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 43 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Arthur J. Gallagher & Co. by 3.9% during the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock worth $280,000 after buying an additional 46 shares during the period. Fidelis Capital Partners LLC grew its stake in Arthur J. Gallagher & Co. by 3.7% during the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock worth $302,000 after buying an additional 47 shares during the period. Finally, Lindbrook Capital LLC grew its stake in Arthur J. Gallagher & Co. by 7.9% during the third quarter. Lindbrook Capital LLC now owns 654 shares of the financial services provider’s stock worth $149,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AJG shares. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. Royal Bank of Canada boosted their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. TD Cowen boosted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Finally, Truist Financial reiterated a “hold” rating and set a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $255.23.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the sale, the vice president now directly owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, the director now directly owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the sale, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 1.1 %

AJG opened at $232.09 on Tuesday. The stock has a market capitalization of $50.67 billion, a PE ratio of 52.27, a P/E/G ratio of 2.21 and a beta of 0.68. The firm’s fifty day moving average price is $244.65 and its 200 day moving average price is $238.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. Arthur J. Gallagher & Co. has a 12-month low of $198.52 and a 12-month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. During the same period in the prior year, the company posted $1.54 earnings per share. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.60 dividend. The ex-dividend date was Thursday, February 29th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 54.05%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.