Orion Portfolio Solutions LLC Raises Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Orion Portfolio Solutions LLC raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,344 shares of the financial services provider’s stock after buying an additional 94 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Arthur J. Gallagher & Co. were worth $3,504,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AJG. Valley National Advisers Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $25,000. MRP Capital Investments LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $28,000. New Age Alpha Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Finally, Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter worth about $36,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the firm’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 directly owns 14,674 shares in the company, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 in the last three months. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a report on Friday, March 21st. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price target 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Trading Down 0.1 %

NYSE AJG opened at $340.59 on Monday. The company has a market cap of $87.10 billion, a P/E ratio of 52.24 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. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50-day moving average of $321.73 and a 200-day moving average of $301.01.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is 39.88%.

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