Tidal Investments LLC Acquires 480,413 Shares of Arthur J. Gallagher & Co. $AJG

Tidal Investments LLC lifted its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 303.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 638,601 shares of the financial services provider’s stock after buying an additional 480,413 shares during the period. Tidal Investments LLC owned approximately 0.25% of Arthur J. Gallagher & Co. worth $146,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AJG. Kemnay Advisory Services Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $26,000. Axiom Investment Management LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $28,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth $29,000. MV Capital Management Inc. bought a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $34,000. Finally, Rakuten Securities Inc. increased its position in shares of 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 last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AJG. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $235.00 to $265.00 in a research report on Thursday, June 11th. Weiss Ratings raised Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Piper Sandler boosted their price objective on Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lifted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $290.28.

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

In other news, VP Christopher E. Mead sold 3,500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total value of $899,570.00. Following the sale, the vice president directly owned 22,223 shares of the company’s stock, valued at approximately $5,711,755.46. The trade was a 13.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Walter D. Bay sold 12,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $270.08, for a total value of $3,240,960.00. Following the completion of the sale, the general counsel owned 71,292 shares in the company, valued at $19,254,543.36. This represents a 14.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 27,500 shares of company stock worth $7,310,090. Insiders own 1.40% of the company’s stock.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $244.65 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $313.55. The business has a 50-day moving average price of $255.42 and a 200-day moving average price of $228.58. The firm has a market cap of $62.70 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm earned $2.33 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 13.28 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 46.43%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The company helps businesses, institutions and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, risk management, claims administration, actuarial services, captive insurance and wholesale brokerage. Gallagher arranges commercial property and casualty coverage, personal insurance, specialty insurance and employee benefit programs, while also providing services designed to help clients manage workplace, liability and other operational risks.

Founded in 1927 by Arthur J.