RFG Advisory LLC Has $1.63 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

RFG Advisory LLC raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,514 shares of the financial services provider’s stock after buying an additional 709 shares during the quarter. RFG Advisory LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,629,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gunderson Capital Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 52.4% in the first quarter. Gunderson Capital Management Inc. now owns 14,101 shares of the financial services provider’s stock valued at $3,526,000 after buying an additional 4,851 shares during the period. Triangle Securities Wealth Management lifted its stake in Arthur J. Gallagher & Co. by 158.8% in the first quarter. Triangle Securities Wealth Management now owns 3,248 shares of the financial services provider’s stock valued at $812,000 after buying an additional 1,993 shares during the period. Park Avenue Securities LLC lifted its stake in Arthur J. Gallagher & Co. by 8.1% in the first quarter. Park Avenue Securities LLC now owns 30,518 shares of the financial services provider’s stock valued at $7,631,000 after buying an additional 2,293 shares during the period. Czech National Bank lifted its stake in Arthur J. Gallagher & Co. by 0.9% in the first quarter. Czech National Bank now owns 38,146 shares of the financial services provider’s stock valued at $9,538,000 after buying an additional 333 shares during the period. Finally, First Hawaiian Bank lifted its stake in Arthur J. Gallagher & Co. by 2.2% in the first quarter. First Hawaiian Bank now owns 18,574 shares of the financial services provider’s stock valued at $4,644,000 after buying an additional 408 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AJG. TD Cowen boosted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Piper Sandler decreased their price objective on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods decreased their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. Bank of America boosted their price objective on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a report on Wednesday, May 22nd. Finally, Argus boosted their price objective on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $260.58.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 16,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, May 10th. The stock was sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the transaction, the chief financial officer now owns 80,952 shares in the company, valued at $20,109,286.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Richard C. Cary sold 3,395 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $254.00, for a total value of $862,330.00. Following the sale, the chief accounting officer now directly owns 38,314 shares in the company, valued at $9,731,756. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas K. Howell sold 16,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $248.41, for a total value of $3,974,560.00. Following the completion of the sale, the chief financial officer now owns 80,952 shares in the company, valued at $20,109,286.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,165 shares of company stock worth $13,629,049. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded down $0.06 during trading on Friday, reaching $264.60. The company’s stock had a trading volume of 1,541,437 shares, compared to its average volume of 792,934. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $57.82 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. The firm has a 50 day moving average of $248.42 and a 200-day moving average of $242.01. Arthur J. Gallagher & Co. has a 12 month low of $209.39 and a 12 month high of $264.90.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the company earned $3.03 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Research analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 48.58%.

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.