Atria Wealth Solutions Inc. Has $2.70 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Atria Wealth Solutions Inc. grew its stake in Arthur J. Gallagher & Co. (NYSE:AJG) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,999 shares of the financial services provider’s stock after buying an additional 859 shares during the period. Atria Wealth Solutions Inc.’s holdings in Arthur J. Gallagher & Co. were worth $2,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Greenleaf Trust lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.4% in the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 42 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 43 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 46 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 3.7% in the third quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 47 shares in the last quarter. Finally, Cambridge Trust Co. lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.1% in the fourth quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the transaction, the vice president now directly owns 2,023 shares in the company, valued at approximately $516,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares in the company, valued at $24,666,597.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the transaction, the vice president now directly owns 2,023 shares in the company, valued at approximately $516,269.60. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock valued at $7,176,180 over the last three months. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AJG shares. TD Cowen increased their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods decreased their price target on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $255.23.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $234.11 on Monday. Arthur J. Gallagher & Co. has a one year low of $198.52 and a one year high of $256.10. The business has a fifty day moving average price of $244.23 and a 200-day moving average price of $239.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $51.11 billion, a P/E ratio of 47.39, a PEG ratio of 2.20 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 19.27% and a net margin of 10.27%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $1.54 earnings per share. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Arthur J. Gallagher & Co. Profile

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.