Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,164 shares of the financial services provider’s stock after acquiring an additional 53 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $27,000. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 52 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AJG has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a report on Friday, September 20th. UBS Group boosted their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Bank Of America (Bofa) boosted their price target on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Jefferies Financial Group boosted their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research note on Friday, July 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $283.36.

Arthur J. Gallagher & Co. Stock Up 2.0 %

Shares of NYSE:AJG traded up $5.60 during trading hours on Tuesday, reaching $292.50. The stock had a trading volume of 23,584 shares, compared to its average volume of 836,942. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $301.04. The firm’s 50 day moving average is $287.51 and its 200-day moving average is $265.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $63.91 billion, a price-to-earnings ratio of 58.08, a P/E/G ratio of 2.37 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm posted $1.90 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

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

In other news, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,625,146.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,145 shares of company stock valued at $12,622,660. Insiders own 1.60% of the company’s stock.

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.