TritonPoint Partners LLC Purchases New Position in Arthur J. Gallagher & Co. $AJG

TritonPoint Partners LLC purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,786 shares of the financial services provider’s stock, valued at approximately $721,000.

A number of other institutional investors have also recently made changes to their positions in AJG. Jump Financial LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $2,825,000. Qube Research & Technologies Ltd bought a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter valued at about $3,429,000. Treasurer of the State of North Carolina lifted its holdings in shares of Arthur J. Gallagher & Co. by 5.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 118,467 shares of the financial services provider’s stock valued at $37,924,000 after acquiring an additional 5,947 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of Arthur J. Gallagher & Co. by 2,919.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 19,987 shares of the financial services provider’s stock valued at $6,398,000 after acquiring an additional 19,325 shares during the last quarter. Finally, Armistice Capital LLC purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth about $412,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $260.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Arthur J. Gallagher & Co. from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Piper Sandler reduced their price objective on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Truist Financial reduced their price objective on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Finally, Jefferies Financial Group raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $235.00 to $265.00 in a research report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.71.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the transaction, the chief accounting officer directly owned 47,819 shares of the company’s stock, valued at approximately $9,850,714. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $218.53 on Monday. The firm has a market cap of $56.14 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.53. The firm’s 50 day simple moving average is $210.97 and its 200-day simple moving average is $227.92. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $327.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the company posted $3.67 earnings per share. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 13.27 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.31%.

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.