Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. lifted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 58.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 543 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Arthur J. Gallagher & Co. were worth $154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Campbell Newman Asset Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 13.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider’s stock worth $40,069,000 after purchasing an additional 17,196 shares in the last quarter. Brendel Financial Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 38 shares during the last quarter. Clarus Wealth Advisors grew its stake in shares of Arthur J. Gallagher & Co. by 28.7% during the fourth quarter. Clarus Wealth Advisors now owns 2,913 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 649 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 26.0% in the fourth quarter. Park Avenue Securities LLC now owns 34,738 shares of the financial services provider’s stock worth $9,860,000 after acquiring an additional 7,163 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Arthur J. Gallagher & Co. by 6,581.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider’s stock valued at $124,174,000 after purchasing an additional 430,917 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Barclays upped their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.07.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $295.65 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day moving average price of $291.88 and a 200 day moving average price of $286.36. The company has a market cap of $73.85 billion, a P/E ratio of 56.31 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting the consensus estimate of $2.26. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 earnings per share. On average, research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, December 6th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 45.71%.

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

In related news, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the completion of the transaction, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,626,666.10. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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.