Legacy Financial Advisors Inc. Buys 93 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Legacy Financial Advisors Inc. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 910 shares of the financial services provider’s stock after acquiring an additional 93 shares during the period. Legacy Financial Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $236,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AJG. Gilbert & Cook Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 5.0% in the fourth quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 259 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $264,000. D.A. Davidson & CO. raised its position in shares of Arthur J. Gallagher & Co. by 28.6% during the fourth quarter. D.A. Davidson & CO. now owns 2,899 shares of the financial services provider’s stock valued at $652,000 after buying an additional 645 shares during the last quarter. Assetmark Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 67.3% during the fourth quarter. Assetmark Inc. now owns 7,040 shares of the financial services provider’s stock worth $1,583,000 after acquiring an additional 2,832 shares during the last quarter. Finally, Commerce Bank grew its stake in Arthur J. Gallagher & Co. by 8.7% during the fourth quarter. Commerce Bank now owns 25,199 shares of the financial services provider’s stock valued at $5,667,000 after acquiring an additional 2,009 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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

In other news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now directly owns 30,053 shares in the company, valued at approximately $8,536,855.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas Joseph Gallagher sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. The disclosure for this sale can be found here. Insiders sold a total of 44,145 shares of company stock valued at $12,622,660 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AJG. Jefferies Financial Group raised their price objective on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group increased their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Piper Sandler boosted their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $282.93.

Arthur J. Gallagher & Co. Stock Performance

AJG stock opened at $276.06 on Monday. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04. The firm has a market cap of $60.32 billion, a price-to-earnings ratio of 55.88, a PEG ratio of 2.47 and a beta of 0.72. The business’s fifty day simple moving average is $285.49 and its two-hundred day simple moving average is $262.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. Analysts predict that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.40 annualized dividend and a yield of 0.87%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 48.58%.

Arthur J. Gallagher & Co. Company 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.