Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Schear Investment Advisers LLC

Schear Investment Advisers LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,243 shares of the financial services provider’s stock after acquiring an additional 264 shares during the period. Schear Investment Advisers LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,475,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Arthur J. Gallagher & Co. during the 2nd quarter worth $26,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after buying an additional 52 shares during the period. Finally, Quarry LP acquired a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $29,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Christopher E. Mead sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the completion of the sale, the chief financial officer now owns 75,963 shares in the company, valued at $21,626,666.10. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,900 shares of company stock worth $6,892,280 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 0.0 %

AJG stock opened at $294.58 on Friday. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The company has a market capitalization of $64.63 billion, a price-to-earnings ratio of 56.11, a price-to-earnings-growth ratio of 2.54 and a beta of 0.72. The firm’s 50-day moving average is $288.49 and its two-hundred day moving average is $274.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last released 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. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the firm earned $2.00 EPS. Arthur J. Gallagher & Co.’s revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. Arthur J. Gallagher & Co.’s payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial lifted 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 report on Friday, September 20th. BMO Capital Markets lifted their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. TD Cowen lifted their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. The Goldman Sachs Group lifted their price target on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a report on Friday, July 26th. Finally, Jefferies Financial Group boosted their target price 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $289.14.

Arthur J. Gallagher & Co. Company 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.