DMKC Advisory Services LLC Makes New $3.24 Million Investment in Arthur J. Gallagher & Co. $AJG

DMKC Advisory Services LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the second quarter, Holdings Channel reports. The fund acquired 10,307 shares of the financial services provider’s stock, valued at approximately $3,235,000. Arthur J. Gallagher & Co. accounts for approximately 1.7% of DMKC Advisory Services LLC’s portfolio, making the stock its 21st largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its stake in Arthur J. Gallagher & Co. by 1.1% during the first quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider’s stock valued at $1,001,000 after buying an additional 31 shares during the period. Menard Financial Group LLC increased its position in shares of Arthur J. Gallagher & Co. by 0.8% during the 1st quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 32 shares during the last quarter. Allen Capital Group LLC grew its position in Arthur J. Gallagher & Co. by 2.1% during the first quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 33 shares during the last quarter. City Holding Co. lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.1% in the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 34 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 34.3% in the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 34 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Down 1.3%

AJG stock opened at $305.83 on Thursday. Arthur J. Gallagher & Co. has a fifty-two week low of $275.56 and a fifty-two week high of $351.23. The business’s 50 day moving average price is $297.71 and its two-hundred day moving average price is $317.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $78.42 billion, a price-to-earnings ratio of 43.44 and a beta of 0.73.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.20 billion. Arthur J. Gallagher & Co. had a net margin of 14.54% and a return on equity of 13.17%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 earnings per share. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, September 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 36.93%.

Wall Street Analyst Weigh In

AJG has been the subject of several analyst reports. Cantor Fitzgerald upgraded Arthur J. Gallagher & Co. to a “strong-buy” rating in a report on Wednesday, August 13th. Piper Sandler raised their price target on shares of Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Barclays cut their price target on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Wall Street Zen upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Citigroup assumed coverage on Arthur J. Gallagher & Co. in a research report on Wednesday, August 13th. They set a “neutral” rating and a $317.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $330.93.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total value of $2,396,320.00. Following the completion of the sale, the chief financial officer owned 100,777 shares of the company’s stock, valued at approximately $30,186,742.58. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott R. Hudson sold 12,855 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, September 8th. The stock was sold at an average price of $297.60, for a total value of $3,825,648.00. Following the completion of the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $25,569,792. The trade was a 13.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,855 shares of company stock worth $8,916,928. Insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.