FFT Wealth Management LLC Acquires 783 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

FFT Wealth Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 99.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,569 shares of the financial services provider’s stock after buying an additional 783 shares during the quarter. FFT Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $445,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its stake in Arthur J. Gallagher & Co. by 580.0% in the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 87 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings 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 valued at $28,000 after purchasing an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 10,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,774 shares in the company, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the transaction, the director now directly owns 16,533 shares in the company, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,725 shares of company stock valued at $4,972,964 in the last quarter. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 1.1 %

Shares of AJG stock opened at $332.06 on Wednesday. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $332.69. The business’s fifty day moving average is $299.78 and its 200 day moving average is $294.16. 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 company has a market capitalization of $84.57 billion, a PE ratio of 50.93 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is currently 36.81%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Piper Sandler upgraded 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 note on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Barclays boosted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. BMO Capital Markets raised their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $307.00.

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.