725 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Acquired by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, Holdings Channel reports. The fund acquired 725 shares of the financial services provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalina Capital Group LLC grew its position in shares of Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 35 shares in the last quarter. Greenleaf Trust grew its holdings in Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after buying an additional 36 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 36 shares during the last quarter. Brendel Financial Advisors LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock worth $2,054,000 after acquiring an additional 38 shares during the period. Finally, Moors & Cabot Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 4.4% during the 3rd quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 in the last quarter. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

AJG has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded 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 research note on Monday, November 25th. Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a research report on Friday. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $310.43.

Arthur J. Gallagher & Co. Stock Down 0.7 %

Shares of NYSE:AJG opened at $332.02 on Monday. The firm has a market capitalization of $84.57 billion, a PE ratio of 50.92 and a beta of 0.75. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s 50-day moving average is $316.96 and its two-hundred day moving average is $299.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

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.