Bath Savings Trust Co Boosts Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Bath Savings Trust Co increased its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,961 shares of the financial services provider's stock after purchasing an additional 3,045 shares during the period. Bath Savings Trust Co's holdings in Arthur J. Gallagher & Co. were worth $8,272,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allred Capital Management LLC raised its stake in Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock valued at $960,000 after buying an additional 34 shares during the last quarter. Catalina Capital Group LLC lifted its position in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock valued at $959,000 after buying an additional 35 shares in the last quarter. Greenleaf Trust raised its position in shares of Arthur J. Gallagher & Co. by 1.1% during the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after purchasing an additional 36 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Arthur J. Gallagher & Co. by 3.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 36 shares in the last quarter. Finally, Tucker Asset Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.0% in the fourth quarter. Tucker Asset Management LLC now owns 1,419 shares of the financial services provider's stock worth $403,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 1.7%

Shares of Arthur J. Gallagher & Co. stock traded up $5.74 during trading on Friday, hitting $347.64. The stock had a trading volume of 2,545,224 shares, compared to its average volume of 1,329,515. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $89.03 billion, a PE ratio of 53.32 and a beta of 0.78. Arthur J. Gallagher & Co. has a 12 month low of $250.51 and a 12 month high of $350.70. The firm's fifty day simple moving average is $332.85 and its 200-day simple moving average is $315.32.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.85 billion. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Arthur J. Gallagher & Co.'s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $3.45 EPS. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.60 annualized dividend and a yield of 0.75%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 37.63%.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 1,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $342.04, for a total transaction of $342,040.00. Following the transaction, the director now directly owns 45,323 shares in the company, valued at $15,502,278.92. This represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now 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 disclosure for this sale can be found here. Insiders have sold 32,510 shares of company stock worth $11,033,341 in the last ninety days. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AJG has been the subject of a number of research analyst reports. Barclays raised their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Truist Financial lifted their price objective on 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. Redburn Atlantic started coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $318.57.

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