Bryn Mawr Capital Management LLC Raises Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Bryn Mawr Capital Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,575 shares of the financial services provider’s stock after purchasing an additional 50 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $25,000. Pin Oak Investment Advisors Inc. grew its holdings in Arthur J. Gallagher & Co. by 543.8% during 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. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. Finally, Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $36,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $327.70 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $300.76 and its 200-day moving average is $294.40. The stock has a market cap of $83.47 billion, a PE ratio of 50.26 and a beta of 0.77. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $333.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. On average, analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Insiders Place Their Bets

In related news, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares of the company’s stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AJG has been the topic of several research reports. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research note on Monday, November 25th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays raised their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given 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 $307.00.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.