Advyzon Investment Management LLC Acquires Shares of 788 Arthur J. Gallagher & Co. $AJG

Advyzon Investment Management LLC bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 788 shares of the financial services provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 7.6% in the first quarter. CWM LLC now owns 25,294 shares of the financial services provider’s stock worth $8,733,000 after buying an additional 1,784 shares during the period. Signaturefd LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 8.6% during the first quarter. Signaturefd LLC now owns 4,198 shares of the financial services provider’s stock valued at $1,449,000 after purchasing an additional 331 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 24.8% in the first quarter. Apollon Wealth Management LLC now owns 7,202 shares of the financial services provider’s stock worth $2,486,000 after purchasing an additional 1,429 shares during the last quarter. Wealthfront Advisers LLC increased its stake in Arthur J. Gallagher & Co. by 5.5% in the 1st quarter. Wealthfront Advisers LLC now owns 31,505 shares of the financial services provider’s stock worth $10,877,000 after buying an additional 1,639 shares during the period. Finally, Sage Mountain Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 23.7% in the 1st quarter. Sage Mountain Advisors LLC now owns 1,175 shares of the financial services provider’s stock valued at $406,000 after buying an additional 225 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Stock Up 0.3%

Shares of AJG stock opened at $255.86 on Thursday. The stock’s fifty day moving average price is $286.52 and its 200 day moving average price is $305.66. Arthur J. Gallagher & Co. has a 1-year low of $239.47 and a 1-year high of $351.23. The company has a market cap of $65.60 billion, a price-to-earnings ratio of 36.34 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.36.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.19). The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.Arthur J. Gallagher & Co.’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 EPS. On average, research analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 5th. Arthur J. Gallagher & Co.’s payout ratio is presently 38.86%.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Michael Robert Pesch bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $247.12 per share, for a total transaction of $988,480.00. Following the completion of the transaction, the vice president directly owned 41,849 shares in the company, valued at approximately $10,341,724.88. This represents a 10.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Douglas K. Howell sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $299.54, for a total transaction of $2,396,320.00. Following the transaction, the chief financial officer directly owned 100,777 shares of the company’s stock, valued at $30,186,742.58. This represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,855 shares of company stock valued at $8,916,928 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Piper Sandler cut their price objective on shares of Arthur J. Gallagher & Co. from $340.00 to $295.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group reduced their price objective on shares of Arthur J. Gallagher & Co. from $361.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arthur J. Gallagher & Co. in a report on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on Arthur J. Gallagher & Co. from $370.00 to $353.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.64.

Arthur J. Gallagher & Co. Company 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.