Interval Partners LP Invests $18.63 Million in Arthur J. Gallagher & Co. (NYSE:AJG)

Interval Partners LP purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65,623 shares of the financial services provider's stock, valued at approximately $18,627,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allred Capital Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider's stock worth $960,000 after buying an additional 34 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock worth $959,000 after acquiring an additional 35 shares during the period. Greenleaf Trust grew its position in shares of Arthur J. Gallagher & Co. by 1.1% in the fourth 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 in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 36 shares during the period. Finally, Brendel Financial Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 0.5% during the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock worth $2,054,000 after purchasing an additional 38 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction on 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 sale, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Trading Down 0.9%

NYSE:AJG traded down $2.91 during trading hours on Wednesday, reaching $329.79. The company's stock had a trading volume of 898,453 shares, compared to its average volume of 1,313,323. 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 firm has a market capitalization of $84.46 billion, a price-to-earnings ratio of 50.58 and a beta of 0.78. The firm has a 50-day simple moving average of $330.15 and a 200-day simple moving average of $310.92. Arthur J. Gallagher & Co. has a 1 year low of $244.60 and a 1 year high of $350.70.

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

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 37.63%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AJG. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a "market perform" rating in a report on Friday, May 2nd. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective on the stock. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Truist Financial upped their target price 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. Finally, Wells Fargo & Company lifted their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $315.33.

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.