Proficio Capital Partners LLC Buys 156 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Proficio Capital Partners LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 19.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 948 shares of the financial services provider’s stock after purchasing an additional 156 shares during the period. Proficio Capital Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $269,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its position in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $36,000. Finally, Kestra Investment Management LLC bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $48,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $336.56 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50-day moving average of $319.90 and a 200-day moving average of $300.37. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $345.43. The company has a market cap of $85.72 billion, a P/E ratio of 51.62 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AJG shares. Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday. They issued a “neutral” rating and a $352.00 price target for the company. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Wells Fargo & Company raised their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $313.20.

Insider Activity

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the sale, the director now directly owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock valued at $7,478,224 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.