Kathmere Capital Management LLC Takes $299,000 Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Kathmere Capital Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,153 shares of the financial services provider’s stock, valued at approximately $299,000.

Other institutional investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. increased its position in shares of Arthur J. Gallagher & Co. by 89.7% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 52 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at about $30,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $27,000. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AJG shares. Wells Fargo & Company raised their price target on Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Piper Sandler raised their price target on Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group raised their price target on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Finally, The Goldman Sachs Group raised their price target on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $282.93.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,710 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,654,772.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,710 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the transaction, the chief financial officer now owns 75,963 shares in the company, valued at $21,654,772.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total value of $1,992,760.00. Following the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at approximately $21,625,146.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,145 shares of company stock worth $12,622,660. 1.60% of the stock is owned by insiders.

Arthur J. Gallagher & Co. Trading Up 0.5 %

AJG opened at $279.45 on Friday. The stock has a market cap of $61.06 billion, a PE ratio of 56.57, a PEG ratio of 2.37 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average of $286.46 and a 200-day moving average of $263.83. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.14 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is presently 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.