SteelPeak Wealth LLC Acquires 104 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

SteelPeak Wealth LLC lifted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,477 shares of the financial services provider’s stock after purchasing an additional 104 shares during the period. SteelPeak Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $419,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Stonegate Investment Group LLC lifted its position in Arthur J. Gallagher & Co. by 35.7% during the 4th quarter. Stonegate Investment Group LLC now owns 1,495 shares of the financial services provider’s stock worth $424,000 after buying an additional 393 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Arthur J. Gallagher & Co. by 19.4% during the fourth quarter. Perigon Wealth Management LLC now owns 1,421 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 231 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $237,000. VCI Wealth Management LLC increased its position in shares of Arthur J. Gallagher & Co. by 18.2% during the 4th quarter. VCI Wealth Management LLC now owns 7,810 shares of the financial services provider’s stock worth $2,217,000 after purchasing an additional 1,200 shares during the last quarter. Finally, BankPlus Wealth Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $945,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AJG shares. BMO Capital Markets boosted their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Bank of America lifted their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $304.07.

Arthur J. Gallagher & Co. Stock Up 1.7 %

AJG stock opened at $299.06 on Friday. Arthur J. Gallagher & Co. has a fifty-two week low of $227.43 and a fifty-two week high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $74.70 billion, a price-to-earnings ratio of 56.96 and a beta of 0.76. The business’s fifty day moving average price is $291.78 and its two-hundred day moving average price is $288.38.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.87%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.71%.

Arthur J. Gallagher & Co. Company Profile

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