Heritage Family Offices LLP Purchases 1,882 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Heritage Family Offices LLP grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 31.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,860 shares of the financial services provider’s stock after acquiring an additional 1,882 shares during the quarter. Arthur J. Gallagher & Co. comprises 1.1% of Heritage Family Offices LLP’s investment portfolio, making the stock its 16th largest holding. Heritage Family Offices LLP’s holdings in Arthur J. Gallagher & Co. were worth $2,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Arthur J. Gallagher & Co. in the second quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Arthur J. Gallagher & Co. during the second quarter worth $26,000. Pin Oak Investment Advisors Inc. lifted its position in Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the period. Quarry LP purchased a new stake in Arthur J. Gallagher & Co. in the second quarter valued at approximately $29,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $304.07.

Arthur J. Gallagher & Co. Stock Up 0.5 %

AJG stock opened at $290.58 on Thursday. The company’s 50 day moving average price is $291.88 and its 200 day moving average price is $286.33. The firm has a market capitalization of $72.59 billion, a price-to-earnings ratio of 55.35, a PEG ratio of 2.41 and a beta of 0.76. Arthur J. Gallagher & Co. has a fifty-two week low of $227.08 and a fifty-two week high of $316.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.26. The business 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%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.60 per share. 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 dividend payout ratio is currently 45.71%.

Insider Activity

In other news, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas K. Howell sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,626,666.10. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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.