BXM Wealth LLC Has $7.49 Million Position in Arthur J. Gallagher & Co. $AJG

BXM Wealth LLC lifted its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 3,301.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,950 shares of the financial services provider’s stock after buying an additional 28,099 shares during the period. BXM Wealth LLC’s holdings in Arthur J. Gallagher & Co. were worth $7,492,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 870.0% in the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 87 shares in the last quarter. Rakuten Securities Inc. lifted its holdings 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 in the last quarter. Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $39,000. Central Pacific Bank Trust Division grew 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 valued at $42,000 after purchasing an additional 39 shares during the period. Finally, Westside Investment Management Inc. increased its stake in Arthur J. Gallagher & Co. by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AJG. Morgan Stanley set a $300.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $292.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 7th. Barclays upgraded Arthur J. Gallagher & Co. from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $247.00 to $262.00 in a report on Wednesday, March 11th. Keefe, Bruyette & Woods cut their price target on Arthur J. Gallagher & Co. from $279.00 to $249.00 and set a “market perform” rating on the stock in a report on Friday, January 30th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $273.82.

Arthur J. Gallagher & Co. Stock Down 0.0%

Arthur J. Gallagher & Co. stock opened at $217.54 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $221.52 and its 200-day moving average is $251.02. The firm has a market capitalization of $55.93 billion, a PE ratio of 35.37, a P/E/G ratio of 1.08 and a beta of 0.68. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company’s quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, March 6th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.53%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 3,800 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $227.57, for a total transaction of $864,766.00. Following the sale, the vice president directly owned 85,920 shares in the company, valued at $19,552,814.40. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher E. Mead sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $227.12, for a total transaction of $908,480.00. Following the sale, the vice president owned 19,306 shares in the company, valued at $4,384,778.72. This represents a 17.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by company insiders.

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.