3,131 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new position in Arthur J. Gallagher & Co. (NYSE:AJG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,131 shares of the financial services provider’s stock, valued at approximately $704,000.

Other institutional investors also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC increased its position in Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after buying an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. increased its position in 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 worth $29,000 after buying an additional 106 shares during the period. Ruedi Wealth Management Inc. bought a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $33,000. Finally, Milestone Investment Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the 3rd quarter worth approximately $45,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $234.11 on Friday. The business’s fifty day moving average price is $244.23 and its two-hundred day moving average price is $238.97. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The stock has a market capitalization of $51.11 billion, a price-to-earnings ratio of 47.39, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.27% and a net margin of 10.27%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the business posted $1.54 earnings per share. As a group, analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares in the company, valued at approximately $516,269.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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