Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,013 shares of the financial services provider’s stock after acquiring an additional 89 shares during the period. Torray Investment Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $5,449,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AJG. Hanlon Investment Management Inc. grew its position in shares of Arthur J. Gallagher & Co. by 3.6% during the second quarter. Hanlon Investment Management Inc. now owns 5,060 shares of the financial services provider’s stock worth $1,312,000 after acquiring an additional 176 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter worth about $275,000. Advisor OS LLC grew its position in Arthur J. Gallagher & Co. by 9.8% in the 2nd quarter. Advisor OS LLC now owns 5,143 shares of the financial services provider’s stock valued at $1,334,000 after buying an additional 458 shares in the last quarter. Candriam S.C.A. grew its position in Arthur J. Gallagher & Co. by 4.5% in the 2nd quarter. Candriam S.C.A. now owns 14,999 shares of the financial services provider’s stock valued at $3,889,000 after buying an additional 647 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in Arthur J. Gallagher & Co. by 1.7% in the 2nd quarter. New York Life Investment Management LLC now owns 33,188 shares of the financial services provider’s stock valued at $8,606,000 after buying an additional 549 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Down 0.3 %

NYSE:AJG traded down $0.76 during mid-day trading on Friday, reaching $294.19. The stock had a trading volume of 671,525 shares, compared to its average volume of 826,065. The business’s 50 day moving average is $279.84 and its 200 day moving average is $259.28. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $298.24. The stock has a market cap of $64.28 billion, a P/E ratio of 59.55, a PEG ratio of 2.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data 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. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.90 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insider Buying and Selling

In other news, VP Scott R. Hudson sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $263.45, for a total value of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,654,772.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the completion of the sale, the vice president now owns 93,730 shares in the company, valued at approximately $24,693,168.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,348 shares of company stock worth $13,342,910. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AJG shares. Piper Sandler increased their target price on shares of 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. Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.