Barlow Wealth Partners LLC Acquires New Shares in Arthur J. Gallagher & Co. $AJG

Barlow Wealth Partners LLC bought a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 88,580 shares of the financial services provider’s stock, valued at approximately $23,437,000. Arthur J. Gallagher & Co. comprises 2.6% of Barlow Wealth Partners LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors also recently modified their holdings of AJG. Physician Wealth Advisors Inc. increased its stake in Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Financial Life Planners acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $39,000. Central Pacific Bank Trust Division grew its holdings in shares of Arthur J. Gallagher & Co. by 40.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock valued at $42,000 after buying an additional 39 shares during the period. Finally, Westside Investment Management Inc. increased its position in shares of Arthur J. Gallagher & Co. by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after buying an additional 68 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arthur J. Gallagher & Co.

In related news, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $227.57, for a total value of $864,766.00. Following the completion of the transaction, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the transaction, the vice president owned 19,306 shares in the company, valued at approximately $4,384,778.72. The trade was a 17.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $275.00 to $278.00 in a report on Tuesday, March 24th. Barclays raised Arthur J. Gallagher & Co. from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $247.00 to $262.00 in a research report on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 29th. Jefferies Financial Group lowered their target price on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. Finally, Needham & Company LLC set a $272.00 target price on shares of Arthur J. Gallagher & Co. in a report on Thursday, December 18th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $273.82.

Arthur J. Gallagher & Co. Stock Down 0.2%

Shares of AJG stock opened at $206.73 on Monday. The firm’s fifty day moving average price is $225.18 and its two-hundred day moving average price is $253.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 1 year low of $195.00 and a 1 year high of $351.23. The firm has a market capitalization of $53.15 billion, a P/E ratio of 33.61, a PEG ratio of 1.03 and a beta of 0.67.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The company’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a $0.70 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, March 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.53%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.