D. Scott Neal Inc. Sells 272 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

D. Scott Neal Inc. trimmed its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 59,815 shares of the financial services provider’s stock after selling 272 shares during the period. Arthur J. Gallagher & Co. makes up 9.3% of D. Scott Neal Inc.’s holdings, making the stock its 4th largest holding. D. Scott Neal Inc.’s holdings in Arthur J. Gallagher & Co. were worth $16,979,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Arthur J. Gallagher & Co. in the second quarter valued at about $26,000. Pin Oak Investment Advisors Inc. lifted its position in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares during the period. Quarry LP acquired a new stake in Arthur J. Gallagher & Co. during the second quarter worth about $29,000. Finally, Rakuten Securities Inc. increased its holdings in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Jefferies Financial Group lifted their price target on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Bank of America boosted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Stock Up 0.5 %

NYSE:AJG opened at $290.58 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $227.08 and a one year high of $316.72. The firm’s 50 day simple moving average is $291.88 and its 200 day simple moving average is $286.33. The company has a market cap of $72.59 billion, a PE ratio of 55.35, a P/E/G ratio of 2.41 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting analysts’ consensus estimates of $2.26. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. Arthur J. Gallagher & Co.’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.60 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.83%. Arthur J. Gallagher & Co.’s payout ratio is 45.71%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the completion of the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,626,666.10. This trade represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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.