Disciplined Investments LLC Makes New Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Disciplined Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,811 shares of the financial services provider’s stock, valued at approximately $1,507,000.

Several other hedge funds also recently bought and sold shares of AJG. Gilbert & Cook Inc. boosted its stake in Arthur J. Gallagher & Co. by 5.0% during the fourth quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock worth $1,214,000 after buying an additional 259 shares during the period. Jump Financial LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $551,000. Janney Montgomery Scott LLC lifted its position in shares of Arthur J. Gallagher & Co. by 4.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,412 shares of the financial services provider’s stock worth $5,040,000 after purchasing an additional 967 shares in the last quarter. ING Groep NV lifted its position in shares of Arthur J. Gallagher & Co. by 1.5% during the fourth quarter. ING Groep NV now owns 10,203 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 148 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $264,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares in the company, valued at $93,121,853.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares in the company, valued at approximately $93,121,853.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Walter D. Bay sold 6,335 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares in the company, valued at $8,536,855.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,145 shares of company stock worth $10,629,900. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 1.2 %

AJG stock opened at $295.94 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock has a market cap of $64.66 billion, a P/E ratio of 59.91, a PEG ratio of 2.47 and a beta of 0.72. The company’s 50 day moving average is $284.68 and its two-hundred day moving average is $262.15. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Research analysts expect that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $282.00 to $301.00 and gave the company an “overweight” rating in a report on Friday, July 26th. UBS Group raised their target price on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Piper Sandler raised their target price on shares of Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Truist Financial raised their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $276.82.

Arthur J. Gallagher & Co. Company 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.