Mark Sheptoff Financial Planning LLC Purchases 100 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Mark Sheptoff Financial Planning LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200 shares of the financial services provider’s stock after purchasing an additional 100 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Arthur J. Gallagher & Co. were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Zions Bancorporation N.A. lifted its position in shares of Arthur J. Gallagher & Co. by 863.1% during the 4th quarter. Zions Bancorporation N.A. now owns 1,801 shares of the financial services provider’s stock worth $511,000 after buying an additional 1,614 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.2% in the fourth quarter. TIAA Trust National Association now owns 4,082 shares of the financial services provider’s stock worth $1,159,000 after acquiring an additional 203 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of Arthur J. Gallagher & Co. by 1.7% during the 4th quarter. FineMark National Bank & Trust now owns 46,869 shares of the financial services provider’s stock valued at $13,304,000 after purchasing an additional 788 shares during the last quarter. TD Asset Management Inc. increased its position in Arthur J. Gallagher & Co. by 11.6% during the 4th quarter. TD Asset Management Inc. now owns 892,709 shares of the financial services provider’s stock worth $253,395,000 after purchasing an additional 92,990 shares in the last quarter. Finally, Corebridge Financial Inc. lifted its stake in Arthur J. Gallagher & Co. by 9.3% in the 4th quarter. Corebridge Financial Inc. now owns 69,567 shares of the financial services provider’s stock valued at $19,747,000 after purchasing an additional 5,911 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Trading Down 0.0 %

Shares of Arthur J. Gallagher & Co. stock opened at $337.55 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43. The stock has a 50 day moving average price of $318.98 and a two-hundred day moving average price of $300.11. The stock has a market capitalization of $85.97 billion, a PE ratio of 51.77 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is 39.88%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AJG. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a report on Friday, March 21st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company lifted their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $313.20.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock worth $7,478,224 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.