Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 259.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,409 shares of the financial services provider’s stock after buying an additional 5,345 shares during the period. Apollon Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,666,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC increased its stake in shares of Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the third quarter valued at $28,000. SJS Investment Consulting Inc. boosted its stake in Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares in the last quarter. Ruedi Wealth Management Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth about $33,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the transaction, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares in the company, valued at $516,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. Insiders sold 28,516 shares of company stock worth $7,059,160 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.6 %

Arthur J. Gallagher & Co. stock traded up $1.57 during mid-day trading on Wednesday, hitting $246.59. 68,135 shares of the company’s stock were exchanged, compared to its average volume of 852,055. Arthur J. Gallagher & Co. has a 1-year low of $198.52 and a 1-year high of $256.10. The stock has a 50 day moving average of $243.71 and a two-hundred day moving average of $239.27. The stock has a market cap of $53.88 billion, a P/E ratio of 49.60, a P/E/G ratio of 2.23 and a beta of 0.69. 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. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating 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 business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the business earned $3.03 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 10.08 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is 48.58%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AJG. Truist Financial reaffirmed a “hold” rating and issued a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Piper Sandler decreased their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. TD Cowen increased their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average price target of $255.31.

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.