V Square Quantitative Management LLC Purchases 902 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

V Square Quantitative Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 92.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,874 shares of the financial services provider’s stock after buying an additional 902 shares during the period. V Square Quantitative Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $469,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AJG. Greenleaf Trust grew its stake in shares of Arthur J. Gallagher & Co. by 1.4% during the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after buying an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 43 shares during the last quarter. Forte Capital LLC ADV increased its holdings in Arthur J. Gallagher & Co. by 1.9% in the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 44 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 46 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 3.7% during the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.1 %

AJG stock traded down $0.19 during trading on Wednesday, reaching $257.65. 396,716 shares of the stock were exchanged, compared to its average volume of 842,808. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $259.35. The firm’s 50 day moving average is $244.64 and its 200 day moving average is $240.69. The firm has a market cap of $56.30 billion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.69.

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

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.60 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.93%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on AJG shares. Argus upped their price target on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Piper Sandler lowered their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. TD Cowen upped their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Bank of America lifted their price objective on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research note on Wednesday. Finally, Truist Financial reissued a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Two investment analysts have 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $255.71.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Richard C. Cary sold 3,395 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $254.00, for a total transaction of $862,330.00. Following the transaction, the chief accounting officer now directly owns 38,314 shares in the company, valued at $9,731,756. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,219 shares of company stock valued at $12,727,781. 1.60% of the stock is owned by corporate insiders.

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.