Asset Planning Inc Invests $339,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Asset Planning Inc acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,196 shares of the financial services provider’s stock, valued at approximately $339,000.

Other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $36,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Johnson sold 325 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the sale, the director now directly owns 44,783 shares of the company’s stock, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,725 shares of company stock worth $4,972,964. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday, November 25th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $307.00.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG opened at $328.68 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $292.94 and a two-hundred day simple moving average of $291.35. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $328.92. The firm has a market cap of $82.10 billion, a price-to-earnings ratio of 50.41 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

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.