Terra Nova Asset Management LLC Has $1.94 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

Terra Nova Asset Management LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,637 shares of the financial services provider’s stock after purchasing an additional 146 shares during the period. Arthur J. Gallagher & Co. comprises 1.7% of Terra Nova Asset Management LLC’s holdings, making the stock its 25th largest holding. Terra Nova Asset Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,942,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC boosted its position in Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the third quarter worth about $28,000. SJS Investment Consulting Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after buying an additional 106 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the second quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter worth about $38,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG opened at $250.06 on Friday. Arthur J. Gallagher & Co. has a 52-week low of $186.88 and a 52-week high of $256.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $54.59 billion, a P/E ratio of 56.32, a P/E/G ratio of 2.38 and a beta of 0.68. The stock’s 50-day simple moving average is $242.65 and its 200 day simple moving average is $237.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. As a group, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 10.07 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 15th. Investors of record on Friday, March 1st were paid a $0.60 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.’s payout ratio is 54.05%.

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

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the transaction, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The disclosure for this sale can be found here. Insiders sold a total of 29,016 shares of company stock worth $7,176,180 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AJG shares. Royal Bank of Canada boosted their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods dropped their price objective on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating on the stock in a research note on Friday, January 26th. Raymond James lowered Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, December 12th. Truist Financial restated a “buy” rating and set a $280.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Tuesday. Finally, TD Cowen started coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, January 10th. They set a “market perform” rating and a $249.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $255.77.

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.