U.S. Capital Wealth Advisors LLC Purchases 212 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

U.S. Capital Wealth Advisors LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,457 shares of the financial services provider’s stock after acquiring an additional 212 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Beaird Harris Wealth Management LLC raised its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. during the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $33,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $45,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded up $0.18 on Friday, hitting $238.72. The company had a trading volume of 545,286 shares, compared to its average volume of 839,971. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.03. The company has a market capitalization of $52.16 billion, a PE ratio of 48.32, a PEG ratio of 2.23 and a beta of 0.69. Arthur J. Gallagher & Co. has a 12-month low of $198.52 and a 12-month high of $256.10. The company’s fifty day moving average price is $243.70 and its 200-day moving average price is $239.01.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts predict that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the sale, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods decreased their target price on shares of 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. TD Cowen increased 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. Finally, Truist Financial restated a “hold” rating and issued a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. One 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $255.31.

About Arthur J. Gallagher & Co.

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.