MRP Capital Investments LLC Purchases New Shares in Arthur J. Gallagher & Co. (NYSE:AJG)

MRP Capital Investments LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100 shares of the financial services provider’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valley National Advisers Inc. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $35,000. Financial Life Planners acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $36,000. Finally, OFI Invest Asset Management acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of a number of recent analyst reports. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research note on Monday, November 25th. Truist Financial raised 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 research report on Friday, January 31st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada lifted their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $307.93.

Insider Activity

In other news, VP Christopher E. Mead sold 2,900 shares of the business’s 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 transaction, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now directly owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,725 shares of company stock valued at $4,972,964. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Stock Up 2.5 %

Shares of NYSE:AJG opened at $334.85 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $316.04 and a 200 day simple moving average of $299.19. The firm has a market cap of $85.29 billion, a PE ratio of 51.36 and a beta of 0.75. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.78%. Arthur J. Gallagher & Co.’s payout ratio is 39.88%.

Arthur J. Gallagher & Co. Profile

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.