Ifrah Financial Services Inc. Has $463,000 Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Ifrah Financial Services Inc. decreased its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631 shares of the financial services provider’s stock after selling 42 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Arthur J. Gallagher & Co. were worth $463,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Arthur J. Gallagher & Co. by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after buying an additional 11,752 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Arthur J. Gallagher & Co. by 15.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after purchasing an additional 14,860 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 231.2% in the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after purchasing an additional 618,362 shares in the last quarter. Running Oak Capital LLC boosted its position in shares of Arthur J. Gallagher & Co. by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock valued at $13,830,000 after acquiring an additional 3,983 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.2% in the third quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after acquiring an additional 2,092 shares during the period. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Trading Down 2.1 %

Arthur J. Gallagher & Co. stock opened at $321.59 on Monday. The firm has a 50 day moving average of $293.94 and a 200 day moving average of $292.01. The firm has a market capitalization of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $329.60. 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 earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 36.81%.

Analyst Ratings Changes

A number of research firms have recently commented on AJG. Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a research report on Monday, November 25th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $307.00.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock worth $4,972,964 over the last quarter. Company insiders own 1.60% of the company’s stock.

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.