Brookmont Capital Management raised its position in Arthur J Gallagher & Co (NYSE:AJG) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,031 shares of the financial services provider’s stock after purchasing an additional 27,137 shares during the period. Arthur J Gallagher & Co makes up about 2.5% of Brookmont Capital Management’s investment portfolio, making the stock its 22nd biggest holding. Brookmont Capital Management owned about 0.05% of Arthur J Gallagher & Co worth $5,887,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in Arthur J Gallagher & Co in the fourth quarter valued at $108,000. Invictus RG bought a new position in Arthur J Gallagher & Co during the third quarter worth about $130,000. Cerebellum GP LLC bought a new position in Arthur J Gallagher & Co during the fourth quarter worth about $154,000. Oakworth Capital Inc. increased its position in Arthur J Gallagher & Co by 49.6% during the fourth quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 806 shares during the period. Finally, Barings LLC bought a new position in Arthur J Gallagher & Co during the fourth quarter worth about $202,000. Institutional investors own 83.91% of the company’s stock.
Shares of Arthur J Gallagher & Co (AJG) opened at $71.27 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $13,010.06, a P/E ratio of 23.43, a PEG ratio of 1.81 and a beta of 1.17. Arthur J Gallagher & Co has a 52 week low of $54.50 and a 52 week high of $72.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, March 1st. This is a boost from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a dividend yield of 2.30%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 64.57%.
In other news, General Counsel Walter D. Bay sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.15, for a total transaction of $105,225.00. Following the transaction, the general counsel now directly owns 13,284 shares of the company’s stock, valued at approximately $931,872.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Joseph Gallagher sold 11,500 shares of Arthur J Gallagher & Co stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $69.80, for a total value of $802,700.00. Following the transaction, the vice president now directly owns 176,305 shares in the company, valued at $12,306,089. The disclosure for this sale can be found here. Insiders have sold 21,766 shares of company stock worth $1,501,938 over the last ninety days. 1.60% of the stock is currently owned by insiders.
AJG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, December 27th. Royal Bank of Canada reiterated a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Wells Fargo & Co set a $74.00 price target on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Friday, December 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $77.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, December 22nd. Finally, ValuEngine lowered shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Arthur J Gallagher & Co currently has an average rating of “Buy” and a consensus target price of $72.78.
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Arthur J Gallagher & Co Company Profile
Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.
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