Aptus Capital Advisors LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 38.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,079 shares of the financial services provider's stock after purchasing an additional 861 shares during the quarter. Aptus Capital Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $1,063,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $25,000. Johnson Financial Group Inc. lifted its position in Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 76 shares during the last quarter. Parvin Asset Management LLC bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $35,000. Centennial Bank AR bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at about $38,000. Finally, Golden State Wealth Management LLC lifted its position in Arthur J. Gallagher & Co. by 2,750.0% in the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 110 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.
Arthur J. Gallagher & Co. Price Performance
Shares of NYSE AJG traded down $1.22 during midday trading on Wednesday, reaching $298.98. The company's stock had a trading volume of 1,513,520 shares, compared to its average volume of 1,704,882. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $305.46 and a 200 day moving average price of $321.89. Arthur J. Gallagher & Co. has a one year low of $274.25 and a one year high of $351.23. The company has a market cap of $76.66 billion, a price-to-earnings ratio of 42.47 and a beta of 0.68.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $2.33 EPS for the quarter, missing analysts' consensus estimates of $2.36 by ($0.03). Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.
Arthur J. Gallagher & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 5th. Arthur J. Gallagher & Co.'s payout ratio is presently 36.93%.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Arthur J. Gallagher & Co. from $345.00 to $322.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Barclays cut their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Piper Sandler boosted their price target on shares of Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Cantor Fitzgerald upgraded shares of Arthur J. Gallagher & Co. to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and an average target price of $331.07.
Read Our Latest Research Report on AJG
About Arthur J. Gallagher & Co.
(
Free Report)
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.
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