Disciplined Investments LLC Makes New Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Disciplined Investments LLC bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,811 shares of the financial services provider’s stock, valued at approximately $1,507,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gilbert & Cook Inc. increased its holdings in Arthur J. Gallagher & Co. by 5.0% during the fourth quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 259 shares during the period. Jump Financial LLC purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $551,000. Janney Montgomery Scott LLC grew its position in shares of Arthur J. Gallagher & Co. by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,412 shares of the financial services provider’s stock worth $5,040,000 after buying an additional 967 shares during the last quarter. ING Groep NV increased its position in shares of Arthur J. Gallagher & Co. by 1.5% during the fourth quarter. ING Groep NV now owns 10,203 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 148 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $264,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Down 1.2 %

Shares of AJG opened at $295.94 on Wednesday. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $64.66 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 2.47 and a beta of 0.72. The stock’s 50-day moving average price is $284.68 and its 200-day moving average price is $262.15.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 earnings per share. On average, sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now owns 30,053 shares in the company, valued at $8,536,855.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Michael Robert Pesch sold 7,100 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the sale, the president now owns 33,267 shares of the company’s stock, valued at $9,853,685.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,145 shares of company stock worth $10,629,900. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on AJG shares. Bank Of America (Bofa) increased their price objective on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Piper Sandler upped their target price on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Jefferies Financial Group upped their target price on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $276.82.

Arthur J. Gallagher & Co. Profile

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.