Eagle Wealth Strategies LLC Invests $1.95 Million in Arthur J. Gallagher & Co. (NYSE:AJG)

Eagle Wealth Strategies LLC acquired a new position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,691 shares of the financial services provider's stock, valued at approximately $1,954,000. Arthur J. Gallagher & Co. accounts for approximately 1.2% of Eagle Wealth Strategies LLC's investment portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 175.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its holdings in Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock worth $29,000 after buying an additional 106 shares during the last quarter. Ruedi Wealth Management Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at approximately $45,000. 85.53% of the stock is owned by institutional investors.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the sale, the vice president now directly owns 96,709 shares of the company's stock, valued at $24,666,597.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Scott R. Hudson sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the transaction, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David S. Johnson sold 500 shares of the firm's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now owns 45,038 shares of the company's stock, valued at $10,540,693.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Stock Down 0.3 %

Arthur J. Gallagher & Co. stock traded down $0.59 during mid-day trading on Monday, reaching $233.52. The company's stock had a trading volume of 836,417 shares, compared to its average volume of 873,184. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.10. The business's 50 day simple moving average is $244.12 and its 200 day simple moving average is $239.00. The company has a market capitalization of $50.98 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.18 billion. During the same quarter last year, the company earned $3.03 EPS. Arthur J. Gallagher & Co.'s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 48.58%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an "underperform" rating on the stock in a report on Wednesday, April 10th. Jefferies Financial Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and reduced their target price for the stock from $279.00 to $233.00 in a report on Tuesday, January 9th. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. TD Cowen lifted their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Finally, Piper Sandler lowered their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a "neutral" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and a consensus target price of $255.31.

Arthur J. Gallagher & Co. Profile

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.