Apollon Wealth Management LLC Buys 245 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Apollon Wealth Management LLC boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,773 shares of the financial services provider’s stock after buying an additional 245 shares during the period. Apollon Wealth Management LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AJG. Wealth Enhancement Advisory Services LLC grew its position in shares of Arthur J. Gallagher & Co. by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after buying an additional 11,752 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Arthur J. Gallagher & Co. by 15.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider’s stock worth $30,450,000 after purchasing an additional 14,860 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock valued at $249,237,000 after purchasing an additional 618,362 shares during the period. Running Oak Capital LLC boosted its position in shares of Arthur J. Gallagher & Co. by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock worth $13,830,000 after purchasing an additional 3,983 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Arthur J. Gallagher & Co. by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock valued at $51,732,000 after buying an additional 2,092 shares during the period. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

AJG has been the topic of several recent research reports. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a report on Monday, November 25th. Barclays increased their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $307.00.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $324.25 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $324.79. The stock’s 50 day simple moving average is $292.02 and its 200 day simple moving average is $290.49. The firm has a market cap of $81.00 billion, a price-to-earnings ratio of 49.73 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. As a group, analysts predict that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.80%. Arthur J. Gallagher & Co.’s dividend payout ratio is 36.81%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.