HB Wealth Management LLC Acquires 3,489 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

HB Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 105.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,786 shares of the financial services provider’s stock after acquiring an additional 3,489 shares during the quarter. HB Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AJG. Brighton Jones LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $210,000. Canada Pension Plan Investment Board boosted its position in shares of Arthur J. Gallagher & Co. by 3.2% in the second quarter. Canada Pension Plan Investment Board now owns 63,539 shares of the financial services provider’s stock valued at $16,476,000 after acquiring an additional 1,972 shares during the period. AE Wealth Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 439.7% in the second quarter. AE Wealth Management LLC now owns 9,100 shares of the financial services provider’s stock valued at $2,360,000 after acquiring an additional 7,414 shares during the period. Sei Investments Co. boosted its position in shares of Arthur J. Gallagher & Co. by 3.1% in the second quarter. Sei Investments Co. now owns 200,571 shares of the financial services provider’s stock valued at $52,012,000 after acquiring an additional 6,003 shares during the period. Finally, Summit Trail Advisors LLC bought a new stake in Arthur J. Gallagher & Co. during the second quarter worth about $208,000. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AJG shares. Barclays upped their price objective 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. Bank of America upped their price objective on shares of 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. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research report on Monday, November 25th. Wells Fargo & Company upped their price objective on shares of Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets increased their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $304.07.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. This represents a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction that occurred 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 $21,626,666.10. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $295.22 on Monday. The business has a 50 day moving average of $291.99 and a 200-day moving average of $287.02. Arthur J. Gallagher & Co. has a 1 year low of $227.08 and a 1 year high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $73.75 billion, a P/E ratio of 56.23 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

About Arthur J. Gallagher & Co.

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.