Arthur J. Gallagher & Co. (NYSE:AJG) Stake Raised by Curi RMB Capital LLC

Curi RMB Capital LLC boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,501 shares of the financial services provider’s stock after acquiring an additional 427 shares during the quarter. Curi RMB Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Arthur J. Gallagher & Co. during the 2nd quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its stake in Arthur J. Gallagher & Co. by 89.7% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 52 shares in the last quarter. Finally, Quarry LP purchased a new position in Arthur J. Gallagher & Co. during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AJG shares. Keefe, Bruyette & Woods lifted their target price on 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. Wells Fargo & Company boosted their price target on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets boosted their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial boosted their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $289.14.

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

In other news, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Robert Pesch sold 7,100 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $296.20, for a total value of $2,103,020.00. Following the sale, the president now owns 33,267 shares in the company, valued at $9,853,685.40. The trade was a 17.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,900 shares of company stock worth $6,892,280 over the last three months. Company insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $294.58 on Friday. The business has a fifty day simple moving average of $288.48 and a 200 day simple moving average of $274.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $64.63 billion, a price-to-earnings ratio of 56.34, a PEG ratio of 2.54 and a beta of 0.72. Arthur J. Gallagher & Co. has a one year low of $218.63 and a one year high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. Arthur J. Gallagher & Co.’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 earnings per share. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.11 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.71%.

About Arthur J. Gallagher & Co.

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.