Lincoln National Corp Has $1.14 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Lincoln National Corp grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,073 shares of the financial services provider’s stock after purchasing an additional 1,351 shares during the period. Lincoln National Corp’s holdings in Arthur J. Gallagher & Co. were worth $1,141,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC grew its position in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. during the third quarter worth $28,000. SJS Investment Consulting Inc. increased its holdings in Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after buying an additional 106 shares during the period. Ruedi Wealth Management Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $33,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AJG. Piper Sandler dropped their price target on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods cut their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. Truist Financial reaffirmed a “hold” rating and issued a $255.00 target price (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Finally, TD Cowen upped their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $255.31.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the sale, the vice president now owns 2,023 shares of the company’s stock, valued at $516,269.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now directly owns 96,709 shares of the company’s stock, valued at $24,666,597.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $255.20, for a total value of $308,026.40. Following the completion of the sale, the vice president now directly owns 2,023 shares in the company, valued at approximately $516,269.60. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 0.0 %

Shares of NYSE AJG opened at $245.08 on Thursday. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The firm has a market capitalization of $53.55 billion, a P/E ratio of 49.61, a P/E/G ratio of 2.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50 day simple moving average is $243.71 and its 200 day simple moving average is $239.27.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the business posted $3.03 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post 10.08 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, June 7th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

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.