Texas Bank & Trust Co Invests $270,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

Texas Bank & Trust Co acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 950 shares of the financial services provider's stock, valued at approximately $270,000.

A number of other large investors have also bought and sold shares of AJG. Tidal Investments LLC grew its stake in shares of Arthur J. Gallagher & Co. by 52.3% during the 4th quarter. Tidal Investments LLC now owns 14,965 shares of the financial services provider's stock worth $4,248,000 after acquiring an additional 5,141 shares during the period. TrinityPoint Wealth LLC lifted its holdings in Arthur J. Gallagher & Co. by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 4,470 shares of the financial services provider's stock valued at $1,269,000 after purchasing an additional 107 shares during the last quarter. Troluce Capital Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $1,834,000. Toronto Dominion Bank increased its stake in shares of Arthur J. Gallagher & Co. by 13.4% in the fourth quarter. Toronto Dominion Bank now owns 89,808 shares of the financial services provider's stock worth $25,491,000 after purchasing an additional 10,616 shares in the last quarter. Finally, Sandia Investment Management LP bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $1,419,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Price Performance

AJG traded down $2.32 on Thursday, reaching $335.21. The company had a trading volume of 771,640 shares, compared to its average volume of 1,314,900. The business has a 50 day simple moving average of $331.75 and a 200 day simple moving average of $312.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $85.85 billion, a price-to-earnings ratio of 51.41 and a beta of 0.78. Arthur J. Gallagher & Co. has a 52-week low of $244.60 and a 52-week high of $350.70.

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

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.65 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 37.63%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AJG. Truist Financial lifted their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the company a "market perform" rating in a research note on Friday, May 2nd. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 target price for the company. Barclays upped their price target 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. Finally, Jefferies Financial Group cut their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and a consensus target price of $318.57.

Insider Buying and Selling

In other news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. 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 sale, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan E. Pietrucha sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $344.13, for a total value of $4,645,755.00. Following the completion of the transaction, the insider now owns 11,941 shares of the company's stock, valued at approximately $4,109,256.33. The trade was a 53.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,510 shares of company stock valued at $11,033,341 over the last three months. 1.60% of the stock is owned by company insiders.

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.