Bryn Mawr Capital Management LLC Buys Shares of 1,874 Arthur J. Gallagher & Co. (NYSE:AJG)

Bryn Mawr Capital Management LLC bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,874 shares of the financial services provider’s stock, valued at approximately $421,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. grew its stake in Arthur J. Gallagher & Co. by 4.0% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 88 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock worth $302,000 after buying an additional 47 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Arthur J. Gallagher & Co. by 16.1% in the fourth quarter. Mackenzie Financial Corp now owns 112,087 shares of the financial services provider’s stock worth $25,206,000 after buying an additional 15,528 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $2,946,000. Finally, Legato Capital Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 43.7% in the fourth quarter. Legato Capital Management LLC now owns 13,495 shares of the financial services provider’s stock worth $3,035,000 after buying an additional 4,102 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Thomas Joseph Gallagher sold 12,309 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the sale, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the transaction, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock worth $7,176,180 in the last three months. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 1.2 %

Arthur J. Gallagher & Co. stock opened at $234.11 on Friday. The business has a 50 day moving average price of $244.23 and a two-hundred day moving average price of $238.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market cap of $51.11 billion, a price-to-earnings ratio of 47.39, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 19.27% and a net margin of 10.27%. During the same quarter in the prior year, the firm posted $1.54 EPS. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AJG shares. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. TD Cowen boosted their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods cut their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Finally, Truist Financial reissued a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $255.23.

Arthur J. Gallagher & Co. 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.