Arthur J. Gallagher & Co. $AJG Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 9.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,004 shares of the financial services provider’s stock after buying an additional 2,575 shares during the period. Marks Group Wealth Management Inc’s holdings in Arthur J. Gallagher & Co. were worth $8,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. IFP Advisors Inc now owns 3,064 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 41 shares during the period. AMG National Trust Bank boosted its position in shares of Arthur J. Gallagher & Co. by 2.7% during the 3rd quarter. AMG National Trust Bank now owns 1,616 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 42 shares during the period. Journey Strategic Wealth LLC boosted its position in shares of Arthur J. Gallagher & Co. by 2.9% during the 3rd quarter. Journey Strategic Wealth LLC now owns 1,551 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 43 shares during the period. KCM Investment Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 4.1% during the 3rd quarter. KCM Investment Advisors LLC now owns 1,127 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 44 shares during the period. Finally, Ritholtz Wealth Management boosted its position in shares of Arthur J. Gallagher & Co. by 0.4% during the 4th quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock worth $2,604,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the 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 sale, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $212.45 on Tuesday. The firm has a market cap of $54.58 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $327.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $210.54 and its two-hundred day moving average is $228.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the business earned $3.67 EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. On average, research analysts expect that Arthur J. Gallagher & Co. will post 13.27 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.31%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AJG shares. UBS Group raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $280.00 to $250.00 in a research report on Wednesday, May 6th. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, BMO Capital Markets raised shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $275.00 to $278.00 in a research report on Tuesday, March 24th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $264.59.

Arthur J. Gallagher & Co. Company 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.