Choreo LLC Has $5.06 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Choreo LLC raised its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 40.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,813 shares of the financial services provider’s stock after buying an additional 5,102 shares during the quarter. Choreo LLC’s holdings in Arthur J. Gallagher & Co. were worth $5,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Valley National Advisers Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares during the period. Pin Oak Investment Advisors Inc. raised its stake in Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $35,000. Finally, Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $36,000. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Up 1.3 %

NYSE:AJG opened at $316.14 on Thursday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $316.72. The firm has a market capitalization of $78.97 billion, a price-to-earnings ratio of 48.49 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $291.70 and its two-hundred day moving average price is $289.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Equities research analysts expect that Arthur J. Gallagher & Co. will post 11.53 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AJG. BMO Capital Markets lifted their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their price objective on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Barclays upped their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company cut their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $307.00.

Arthur J. Gallagher & Co. Company Profile

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.