Benjamin F. Edwards & Company Inc. Purchases 89,050 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Benjamin F. Edwards & Company Inc. lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 7,502.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,237 shares of the financial services provider’s stock after acquiring an additional 89,050 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Arthur J. Gallagher & Co. were worth $20,292,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the third quarter valued at about $213,000. Brookstone Capital Management grew its position in Arthur J. Gallagher & Co. by 162.9% during the third quarter. Brookstone Capital Management now owns 6,813 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 4,222 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Arthur J. Gallagher & Co. by 21.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 90,508 shares of the financial services provider’s stock valued at $20,629,000 after buying an additional 15,742 shares during the period. Xponance Inc. grew its position in Arthur J. Gallagher & Co. by 4.3% during the third quarter. Xponance Inc. now owns 27,773 shares of the financial services provider’s stock valued at $6,330,000 after buying an additional 1,140 shares during the period. Finally, Raymond James & Associates grew its position in Arthur J. Gallagher & Co. by 2.1% during the third quarter. Raymond James & Associates now owns 366,414 shares of the financial services provider’s stock valued at $83,517,000 after buying an additional 7,556 shares during the period. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock traded down $0.26 on Thursday, reaching $238.54. The stock had a trading volume of 1,007,111 shares, compared to its average volume of 872,751. The business’s 50 day moving average is $243.95 and its two-hundred day moving average is $239.00. The company has a market cap of $52.07 billion, a P/E ratio of 48.30, a price-to-earnings-growth ratio of 2.19 and a beta of 0.69. 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.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.08. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. Arthur J. Gallagher & Co.’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $3.03 earnings per share. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.08 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Jefferies Financial Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. TD Cowen increased their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Piper Sandler cut their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Truist Financial reiterated a “hold” rating and set a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $255.31.

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.