725 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Acquired by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. bought a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 725 shares of the financial services provider’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares in the last quarter. MRP Capital Investments LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $35,000. Finally, Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $36,000. Institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares of the company’s stock, valued at $30,029,771.80. This represents a 7.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Richard C. Cary sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now directly owns 69,774 shares in the company, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,235 shares of company stock worth $7,478,224. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a research report on Monday, November 25th. Wells Fargo & Company increased their target price on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Truist Financial increased their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $310.43.

Arthur J. Gallagher & Co. Trading Down 0.7 %

Shares of Arthur J. Gallagher & Co. stock opened at $332.02 on Monday. The stock has a market cap of $84.57 billion, a PE ratio of 50.92 and a beta of 0.75. The firm has a fifty day moving average price of $316.96 and a 200 day moving average price of $299.51. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Equities research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

Arthur J. Gallagher & Co. Profile

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.