Dakota Wealth Management Buys 4,016 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Dakota Wealth Management boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,613 shares of the financial services provider’s stock after purchasing an additional 4,016 shares during the quarter. Dakota Wealth Management’s holdings in Arthur J. Gallagher & Co. were worth $25,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 63,760 shares of the financial services provider’s stock valued at $18,098,000 after buying an additional 290 shares during the period. Simon Quick Advisors LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $229,000. Red Spruce Capital LLC bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth about $298,000. Atomi Financial Group Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 4.8% in the fourth quarter. Atomi Financial Group Inc. now owns 1,384 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 64 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.5% during the fourth quarter. Segment Wealth Management LLC now owns 43,623 shares of the financial services provider’s stock worth $12,382,000 after buying an additional 659 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the transaction, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. This trade represents a 8.44 % 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, VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction dated 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 directly owns 14,674 shares of the company’s stock, valued at $4,211,438. This represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $296.59 on Wednesday. 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 stock has a market cap of $74.09 billion, a P/E ratio of 56.49 and a beta of 0.76. The stock has a 50 day simple moving average of $292.04 and a 200 day simple moving average of $287.25. Arthur J. Gallagher & Co. has a 1-year low of $227.08 and a 1-year high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting analysts’ consensus estimates of $2.26. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $2.00 earnings per share. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AJG has been the topic of a number of research reports. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from $292.00 to $286.00 in a research note on Friday, January 10th. BMO Capital Markets raised their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays upped their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Profile

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.