Arthur J. Gallagher & Co. (NYSE:AJG) Shares Sold by Keeler & Nadler Financial Planning & Wealth Management

Keeler & Nadler Financial Planning & Wealth Management reduced its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 736 shares of the financial services provider’s stock after selling 85 shares during the quarter. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Arthur J. Gallagher & Co. were worth $209,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AJG. Pinnacle Bancorp Inc. boosted its holdings in Arthur J. Gallagher & Co. by 58.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 543 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 200 shares during the last quarter. Campbell Newman Asset Management Inc. increased its position in Arthur J. Gallagher & Co. by 13.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider’s stock worth $40,069,000 after purchasing an additional 17,196 shares in the last quarter. Brendel Financial Advisors LLC raised its holdings in Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 38 shares during the period. Clarus Wealth Advisors lifted its position in Arthur J. Gallagher & Co. by 28.7% during the fourth quarter. Clarus Wealth Advisors now owns 2,913 shares of the financial services provider’s stock valued at $832,000 after buying an additional 649 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Arthur J. Gallagher & Co. by 26.0% in the fourth quarter. Park Avenue Securities LLC now owns 34,738 shares of the financial services provider’s stock worth $9,860,000 after acquiring an additional 7,163 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $290.58 on Thursday. The firm has a market cap of $72.59 billion, a PE ratio of 55.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. Arthur J. Gallagher & Co. has a 1 year low of $227.08 and a 1 year high of $316.72. The firm’s 50-day simple moving average is $291.88 and its 200-day simple moving average is $286.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, December 6th. This represents a $2.40 annualized dividend and a yield of 0.83%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Analysts Set New Price Targets

AJG has been the subject of a number of research reports. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a research note on Monday, November 25th. BMO Capital Markets upped their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group upped their target price on shares of 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. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $304.07.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This trade represents a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.