Larson Financial Group LLC Purchases 196 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Larson Financial Group LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 284.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 265 shares of the financial services provider’s stock after acquiring an additional 196 shares during the period. Larson Financial Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $60,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the third quarter worth approximately $28,000. SJS Investment Consulting Inc. boosted its holdings in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $33,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the third quarter worth approximately $45,000. Institutional investors own 85.53% of the company’s stock.

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

In other news, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AJG. Keefe, Bruyette & Woods lowered their price objective on 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. Royal Bank of Canada increased their price objective on 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. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. TD Cowen increased their price objective on 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 reaffirmed a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $255.23.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $236.81 on Friday. The company has a market cap of $51.70 billion, a P/E ratio of 53.34, a P/E/G ratio of 2.24 and a beta of 0.68. The business’s 50-day moving average price is $244.34 and its 200-day moving average price is $238.92. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. 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 announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $1.54 EPS. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 1.01%. Arthur J. Gallagher & Co.’s payout ratio is 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.