Duncker Streett & Co. Inc. Buys Shares of 2,600 Arthur J. Gallagher & Co. (NYSE:AJG)

Duncker Streett & Co. Inc. bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,600 shares of the financial services provider’s stock, valued at approximately $585,000.

Other institutional investors also recently modified their holdings of the company. Beaird Harris Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the sale, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock worth $7,176,180 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock traded down $0.66 during midday trading on Wednesday, hitting $231.43. 757,164 shares of the company were exchanged, compared to its average volume of 831,358. The firm has a market capitalization of $50.52 billion, a P/E ratio of 52.13, a PEG ratio of 2.18 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $244.60 and its two-hundred day moving average price is $238.70. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company earned $1.54 EPS. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.60 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a yield of 1.04%. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AJG. TD Cowen lifted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $279.00 to $233.00 in a research note on Tuesday, January 9th. Truist Financial reaffirmed a “hold” rating and issued a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average price target of $255.23.

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.