Romano Brothers AND Company Grows Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Romano Brothers AND Company increased its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,263 shares of the financial services provider’s stock after buying an additional 214 shares during the period. Romano Brothers AND Company’s holdings in Arthur J. Gallagher & Co. were worth $4,066,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AJG. Pinnacle Bancorp Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 43 shares during the last quarter. Forte Capital LLC ADV increased its holdings in shares of Arthur J. Gallagher & Co. by 1.9% in the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after buying an additional 44 shares during the last quarter. Cambridge Trust Co. lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.1% during the 4th quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 47 shares during the last quarter. ERn Financial LLC grew its position in Arthur J. Gallagher & Co. by 1.9% in the first quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 47 shares in the last quarter. Finally, Financial Counselors Inc. raised its position in Arthur J. Gallagher & Co. by 1.6% during the fourth quarter. Financial Counselors Inc. now owns 3,255 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 0.3 %

Arthur J. Gallagher & Co. stock traded down $0.82 during mid-day trading on Friday, reaching $259.31. 1,393,176 shares of the company traded hands, compared to its average volume of 978,833. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J. Gallagher & Co. has a 52-week low of $210.86 and a 52-week high of $266.39. The firm has a market capitalization of $56.66 billion, a price-to-earnings ratio of 52.49, a P/E/G ratio of 2.33 and a beta of 0.72. The firm’s 50 day moving average price is $251.09 and its 200 day moving average price is $242.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. Arthur J. Gallagher & Co.’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 earnings per share. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 0.93%. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Analyst Ratings Changes

Several equities analysts have recently commented on AJG shares. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $282.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $240.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Wednesday. TD Cowen boosted their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Truist Financial reaffirmed a “hold” rating and set a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $274.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $263.00.

Insider Buying and Selling at Arthur J. Gallagher & Co.

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

Arthur J. Gallagher & Co. Company 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.