Catalyst Financial Partners LLC Buys 45 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Catalyst Financial Partners LLC boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 875 shares of the financial services provider’s stock after acquiring an additional 45 shares during the period. Catalyst Financial Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. raised its position in shares of Arthur J. Gallagher & Co. by 543.8% in 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. Rakuten Securities Inc. raised its position in shares of 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 period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $36,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $321.59 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $329.60. The stock has a market capitalization of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. The company has a fifty day moving average of $293.45 and a 200-day moving average of $291.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data 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 net margin of 12.70% and a return on equity of 16.47%. Equities research analysts expect that Arthur J. Gallagher & Co. will post 11.4 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.81%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 36.81%.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,725 shares of company stock valued at $4,972,964 in the last quarter. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Royal Bank of Canada upped their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. BMO Capital Markets upped their target price 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, Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Two equities 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 stock currently has a consensus rating of “Hold” and a consensus target price of $307.00.

About Arthur J. Gallagher & Co.

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.