Duncker Streett & Co. Inc. Boosts Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Duncker Streett & Co. Inc. lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 647.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,442 shares of the financial services provider's stock after buying an additional 16,842 shares during the period. Arthur J. Gallagher & Co. comprises 1.0% of Duncker Streett & Co. Inc.'s investment portfolio, making the stock its 27th largest position. Duncker Streett & Co. Inc.'s holdings in Arthur J. Gallagher & Co. were worth $4,861,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.4% in the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider's stock worth $676,000 after acquiring an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider's stock worth $77,000 after purchasing an additional 43 shares during the last quarter. Forte Capital LLC ADV boosted its position in Arthur J. Gallagher & Co. by 1.9% during the fourth quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider's stock valued at $539,000 after buying an additional 44 shares during the period. HBK Sorce Advisory LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider's stock worth $280,000 after buying an additional 46 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 3.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider's stock valued at $302,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Activity

In related news, VP Joel D. Cavaness sold 1,207 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the transaction, the vice president now owns 2,023 shares of the company's stock, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the sale, the vice president now directly owns 2,023 shares of the company's stock, valued at $516,269.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares of the company's stock, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,016 shares of company stock worth $7,176,180. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of AJG stock traded down $0.21 during midday trading on Thursday, reaching $238.59. 1,029,428 shares of the stock were exchanged, compared to its average volume of 872,751. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. Arthur J. Gallagher & Co. has a 1 year low of $198.52 and a 1 year high of $256.10. The firm has a market cap of $52.08 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.19 and a beta of 0.69. The company's 50 day moving average is $243.83 and its two-hundred day moving average is $239.00.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.08 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 48.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AJG shares. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and decreased their price target for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. TD Cowen upped their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Truist Financial reissued a "hold" rating and issued a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Piper Sandler lowered their price objective on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an "underperform" rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $255.31.

About Arthur J. Gallagher & Co.

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.

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