2,400 Shares in Arthur J. Gallagher & Co. $AJG Purchased by Monetary Management Group Inc.

Monetary Management Group Inc. bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,400 shares of the financial services provider’s stock, valued at approximately $621,000.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the period. Financial Life Planners purchased a new position in Arthur J. Gallagher & Co. during the third quarter worth about $39,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Arthur J. Gallagher & Co. by 668.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the financial services provider’s stock worth $44,000 after buying an additional 147 shares during the period. CVA Family Office LLC lifted its position in Arthur J. Gallagher & Co. by 84.8% during the fourth quarter. CVA Family Office LLC now owns 183 shares of the financial services provider’s stock worth $47,000 after buying an additional 84 shares during the period. Finally, Entrust Financial LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $51,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho cut their price objective on Arthur J. Gallagher & Co. from $260.00 to $259.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. UBS Group upgraded Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Monday. Morgan Stanley cut their price objective on Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. BMO Capital Markets upgraded shares of Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $278.00 in a research note on Tuesday, March 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $266.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $264.59.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $212.45 on Tuesday. The company has a market cap of $54.58 billion, a P/E ratio of 34.38, a PEG ratio of 1.09 and a beta of 0.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $327.83. The business’s 50-day simple moving average is $210.54 and its 200 day simple moving average is $228.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.73 billion. Arthur J. Gallagher & Co. had a return on equity of 12.83% and a net margin of 10.76%.The company’s revenue was up 29.0% on a year-over-year basis. During the same period last year, the business posted $3.67 EPS. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.31%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer directly owned 47,819 shares in the company, valued at approximately $9,850,714. This trade represents a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.