Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 42.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,759 shares of the financial services provider’s stock after buying an additional 4,388 shares during the period. Great Valley Advisor Group Inc.’s holdings in Arthur J. Gallagher & Co. were worth $4,153,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. W Advisors LLC lifted its stake in Arthur J. Gallagher & Co. by 2.4% during the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 36 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock worth $1,289,000 after buying an additional 38 shares during the last quarter. Covenant Partners LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock worth $1,499,000 after buying an additional 38 shares during the last quarter. Disciplined Investments LLC grew its position in shares of Arthur J. Gallagher & Co. by 0.7% during the 3rd quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider’s stock valued at $1,635,000 after buying an additional 38 shares during the last quarter. Finally, Seelaus Asset Management LLC raised its stake in Arthur J. Gallagher & Co. by 0.7% during the third quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Arthur J. Gallagher & Co.

In other news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the completion of the transaction, the president now owns 33,267 shares of the company’s stock, valued at $9,853,685.40. The trade was a 17.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,900 shares of company stock worth $6,892,280. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AJG has been the subject of several recent research reports. Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler increased their target price on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. UBS Group boosted their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen increased their price objective on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Finally, Bank of America boosted their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $289.71.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $304.29 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market cap of $66.76 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.72. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $308.00. The company’s 50-day moving average price is $288.55 and its two-hundred day moving average price is $276.96.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the business earned $2.00 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 45.71%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.