Regal Investment Advisors LLC Acquires 143 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Regal Investment Advisors LLC increased its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,405 shares of the financial services provider’s stock after purchasing an additional 143 shares during the period. Regal Investment Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $364,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Norden Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $3,841,000. Brookstone Capital Management lifted its stake in Arthur J. Gallagher & Co. by 70.4% in the 1st quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock valued at $3,213,000 after acquiring an additional 5,308 shares in the last quarter. Sei Investments Co. boosted its position in Arthur J. Gallagher & Co. by 11.7% during the 1st quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock worth $48,649,000 after acquiring an additional 20,302 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $979,000. Finally, Swedbank AB bought a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth $3,297,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of AJG opened at $285.91 on Thursday. The firm has a market cap of $62.47 billion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 2.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The firm’s 50-day simple moving average is $287.14 and its 200 day simple moving average is $264.46.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insider Activity

In related news, General Counsel Walter D. Bay sold 6,335 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now directly owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now directly owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Walter D. Bay sold 6,335 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,145 shares of company stock valued at $12,622,660. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AJG has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Jefferies Financial Group lifted their target price on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. BMO Capital Markets increased their price target on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price target on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Finally, Piper Sandler increased their price objective on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $282.93.

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.