Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 543.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103 shares of the financial services provider’s stock after acquiring an additional 87 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Arthur J. Gallagher & Co. were worth $28,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new stake in Arthur J. Gallagher & Co. in the 2nd quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $26,000. Rakuten Securities Inc. grew its holdings in 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 worth $29,000 after buying an additional 87 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its position in Arthur J. Gallagher & Co. by 89.7% in 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 during the period. Finally, Quarry LP bought a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $29,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the transaction, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. This trade represents a 17.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,625,146.84. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,900 shares of company stock valued at $6,892,280. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Up 0.7 %

Shares of NYSE AJG traded up $2.20 during mid-day trading on Thursday, reaching $315.16. The company had a trading volume of 1,383,183 shares, compared to its average volume of 855,524. The stock has a fifty day moving average of $289.51 and a two-hundred day moving average of $278.29. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $315.73. The company has a market capitalization of $69.15 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 2.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.26. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 earnings per share. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 10.12 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.60 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada raised their price target on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Bank of America upped their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler lifted their price target on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a report on Monday. Finally, Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $291.64.

Arthur J. Gallagher & Co. Company Profile

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.