PDS Planning Inc Buys 61 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

PDS Planning Inc grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 875 shares of the financial services provider’s stock after acquiring an additional 61 shares during the period. PDS Planning Inc’s holdings in Arthur J. Gallagher & Co. were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AJG. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth about $26,000. Creekmur Asset Management LLC bought a new position in Arthur J. Gallagher & Co. during the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 52 shares during the period. Finally, Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $29,000. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the subject of a number of research analyst reports. Bank Of America (Bofa) lifted their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. TD Cowen lifted their price objective on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Truist Financial increased their target price on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, September 20th. Piper Sandler upped their price target on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $287.00.

Arthur J. Gallagher & Co. Trading Up 0.5 %

Shares of Arthur J. Gallagher & Co. stock opened at $283.14 on Wednesday. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $301.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $62.12 billion, a P/E ratio of 53.93, a P/E/G ratio of 2.39 and a beta of 0.72. The company has a fifty day moving average of $288.45 and a 200 day moving average of $271.97.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the business posted $2.00 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, December 6th. Arthur J. Gallagher & Co.’s payout ratio is currently 45.71%.

Insider Buying and Selling

In other news, CFO Douglas K. Howell sold 7,000 shares of the company’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 sale, the chief financial officer now directly owns 75,963 shares of the company’s stock, valued at $21,626,666.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the company’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 sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,626,666.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction, the vice president now directly owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,900 shares of company stock worth $11,136,680. Corporate insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

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.