Brooklyn Investment Group Boosts Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Brooklyn Investment Group grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,060 shares of the financial services provider’s stock after purchasing an additional 51 shares during the period. Brooklyn Investment Group’s holdings in Arthur J. Gallagher & Co. were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Arthur J. Gallagher & Co. by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,456 shares of the financial services provider’s stock valued at $174,640,000 after buying an additional 64,864 shares during the period. Brighton Jones LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at approximately $210,000. Ieq Capital LLC increased its holdings in Arthur J. Gallagher & Co. by 6.3% during the 2nd quarter. Ieq Capital LLC now owns 31,192 shares of the financial services provider’s stock worth $8,088,000 after purchasing an additional 1,847 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 63,539 shares of the financial services provider’s stock worth $16,476,000 after buying an additional 1,972 shares during the period. Finally, AE Wealth Management LLC grew its position in shares of Arthur J. Gallagher & Co. by 439.7% during the 2nd quarter. AE Wealth Management LLC now owns 9,100 shares of the financial services provider’s stock worth $2,360,000 after buying an additional 7,414 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,211,438. The trade was a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Down 0.2 %

Shares of Arthur J. Gallagher & Co. stock opened at $295.22 on Friday. The firm’s 50 day simple moving average is $291.99 and its two-hundred day simple moving average is $286.85. The firm has a market capitalization of $73.75 billion, a price-to-earnings ratio of 56.23 and a beta of 0.76. Arthur J. Gallagher & Co. has a 12-month low of $227.08 and a 12-month high of $316.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. Analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AJG. Bank of America upped their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and cut their price target for the company from $292.00 to $286.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $304.07.

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.