Quotient Wealth Partners LLC Has $454,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Quotient Wealth Partners LLC boosted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,600 shares of the financial services provider’s stock after purchasing an additional 55 shares during the period. Quotient Wealth Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $454,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AJG. Valley National Advisers Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $25,000. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 580.0% during 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 in the last quarter. Pin Oak Investment Advisors Inc. lifted 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 valued at $28,000 after purchasing an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $35,000. Finally, Financial Life Planners acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of several recent analyst reports. Truist Financial boosted their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Barclays increased their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. BMO Capital Markets increased their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $322.42 on Monday. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $323.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. The stock has a market capitalization of $80.54 billion, a price-to-earnings ratio of 49.45 and a beta of 0.77. The firm has a fifty day moving average of $292.02 and a two-hundred day moving average of $290.38.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 11.4 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 39.88%.

Insider Activity

In related news, Director Sherry S. Barrat sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares in the company, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. 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.