Compass Ion Advisors LLC Has $344,000 Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Compass Ion Advisors LLC lessened its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 63.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,213 shares of the financial services provider’s stock after selling 2,095 shares during the quarter. Compass Ion Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalina Capital Group LLC grew its stake 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 worth $959,000 after acquiring an additional 35 shares during the last quarter. Greenleaf Trust grew its position 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 worth $940,000 after purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares during the period. Brendel Financial Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 38 shares during the period. Finally, Moors & Cabot Inc. grew its position in Arthur J. Gallagher & Co. by 4.4% during the third quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider’s stock worth $261,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling

In other news, VP Christopher E. Mead sold 2,900 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the sale, the vice president now owns 14,674 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $322.99, for a total value 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. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,725 shares of company stock worth $4,972,964 in the last quarter. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AJG has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Barclays raised their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted 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 report on Friday, January 31st. Truist Financial lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $307.93.

Arthur J. Gallagher & Co. Trading Down 1.0 %

AJG stock opened at $326.50 on Thursday. 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 stock has a market capitalization of $83.16 billion, a price-to-earnings ratio of 50.08 and a beta of 0.75. The business has a fifty day moving average price of $315.04 and a 200 day moving average price of $298.94. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.