Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,251 shares of the financial services provider’s stock after purchasing an additional 4,387 shares during the period. Arthur J. Gallagher & Co. makes up 1.8% of Running Oak Capital LLC’s investment portfolio, making the stock its 27th largest position. Running Oak Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $9,052,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. West Family Investments Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 6.9% in the 4th quarter. West Family Investments Inc. now owns 1,081 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 70 shares during the last quarter. Heritage Wealth Management LLC acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter worth about $1,558,000. First Trust Direct Indexing L.P. lifted its stake in Arthur J. Gallagher & Co. by 7.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 4,299 shares of the financial services provider’s stock worth $967,000 after acquiring an additional 288 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in Arthur J. Gallagher & Co. by 177.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 5,732 shares of the financial services provider’s stock worth $1,289,000 after acquiring an additional 3,666 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Arthur J. Gallagher & Co. by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 33,651 shares of the financial services provider’s stock worth $7,567,000 after acquiring an additional 243 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

AJG has been the topic of a number of analyst reports. 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. Keefe, Bruyette & Woods reduced their price target on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock 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 dropped their price objective for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. TD Cowen increased their price objective on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average price target of $255.31.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock traded down $0.26 during mid-day trading on Thursday, reaching $238.54. 1,007,111 shares of the company were exchanged, compared to its average volume of 872,748. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $256.10. The firm’s 50-day simple moving average is $243.95 and its two-hundred day simple moving average is $239.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.05. The firm has a market cap of $52.07 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.19 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the firm earned $3.03 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts predict that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Arthur J. Gallagher & Co. Company 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.