Apollon Wealth Management LLC Purchases 245 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Apollon Wealth Management LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,773 shares of the financial services provider’s stock after buying an additional 245 shares during the period. Apollon Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,639,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in Arthur J. Gallagher & Co. by 580.0% in the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $35,000. Finally, Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Truist Financial increased their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Two 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 MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and a consensus target price of $307.00.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the transaction, the director now owns 16,533 shares of the company’s stock, valued at $5,031,487.89. This represents a 13.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Trading Up 0.6 %

Shares of AJG stock opened at $324.25 on Tuesday. The stock’s 50-day moving average price is $292.02 and its 200-day moving average price is $290.49. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $324.79. The stock has a market capitalization of $81.00 billion, a price-to-earnings ratio of 49.73 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.4 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio is 36.81%.

Arthur J. Gallagher & Co. Company 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.