Robbins Farley Grows Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Robbins Farley increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 14.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,821 shares of the financial services provider’s stock after purchasing an additional 1,747 shares during the period. Arthur J. Gallagher & Co. makes up approximately 1.9% of Robbins Farley’s investment portfolio, making the stock its 24th largest position. Robbins Farley’s holdings in Arthur J. Gallagher & Co. were worth $3,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AJG. Valley National Advisers Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $25,000. Rakuten Securities Inc. grew its position 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 acquiring an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its stake 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 shares of Arthur J. Gallagher & Co. during the second quarter worth about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AJG. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a research report on Friday. Barclays boosted their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of 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. Finally, Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Trading Up 2.4 %

NYSE AJG opened at $309.05 on Tuesday. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $316.72. The firm has a 50-day moving average price of $291.66 and a 200 day moving average price of $288.94. The stock has a market capitalization of $77.20 billion, a P/E ratio of 47.40 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Equities research analysts expect that Arthur J. Gallagher & Co. will post 11.53 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.84%. Arthur J. Gallagher & Co.’s dividend payout ratio is 36.81%.

Arthur J. Gallagher & Co. 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.