Torray Investment Partners LLC Purchases 5,325 Shares of Arthur J. Gallagher & Co. $AJG

Torray Investment Partners LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 27.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,387 shares of the financial services provider’s stock after purchasing an additional 5,325 shares during the period. Torray Investment Partners LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of Arthur J. Gallagher & Co. by 209.1% in the second quarter. J.Safra Asset Management Corp now owns 102 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 69 shares in the last quarter. Rakuten Securities Inc. increased its position in Arthur J. Gallagher & Co. by 650.0% during the 2nd quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Steph & Co. bought a new stake in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $40,000. Central Pacific Bank Trust Division lifted its position 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 worth $42,000 after purchasing an additional 39 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of Arthur J. Gallagher & Co. during the second quarter valued at approximately $45,000. Institutional investors own 85.53% of the company’s stock.

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

In other news, VP Christopher E. Mead sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total transaction of $1,032,440.00. Following the sale, the vice president directly owned 17,327 shares of the company’s stock, valued at $4,472,271.97. The trade was a 18.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Robert Pesch bought 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $247.12 per share, with a total value of $988,480.00. Following the purchase, the vice president directly owned 41,849 shares in the company, valued at $10,341,724.88. The trade was a 10.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 32,100 shares of company stock valued at $8,243,865. Company insiders own 1.30% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 2.7%

Arthur J. Gallagher & Co. stock opened at $263.01 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $67.54 billion, a PE ratio of 39.31 and a beta of 0.67. The stock has a 50-day moving average of $252.67 and a two-hundred day moving average of $284.41. Arthur J. Gallagher & Co. has a one year low of $236.34 and a one year high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.19). The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.34 billion. Arthur J. Gallagher & Co. had a net margin of 13.58% and a return on equity of 11.98%. The business’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 EPS. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 38.86%.

Wall Street Analyst Weigh In

AJG has been the subject of a number of analyst reports. Evercore ISI lowered their target price on Arthur J. Gallagher & Co. from $353.00 to $334.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Keefe, Bruyette & Woods reduced their price target on Arthur J. Gallagher & Co. from $275.00 to $272.00 and set a “market perform” rating for the company in a research report on Thursday, December 18th. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $295.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, December 15th. The Goldman Sachs Group set a $293.00 target price on shares of Arthur J. Gallagher & Co. in a report on Wednesday, December 17th. Finally, Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.22.

About Arthur J. Gallagher & Co.

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.