Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 212.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,066 shares of the financial services provider's stock after acquiring an additional 2,764 shares during the quarter. AGF Management Ltd.'s holdings in Arthur J. Gallagher & Co. were worth $1,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalina Capital Group LLC lifted its position in Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock worth $959,000 after acquiring an additional 35 shares during the period. Greenleaf Trust lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after buying an additional 36 shares during the period. Seelaus Asset Management LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider's stock valued at $1,542,000 after buying an additional 38 shares during the period. Brendel Financial Advisors LLC lifted its holdings in shares of 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 period. Finally, Moors & Cabot Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 4.4% in the 3rd quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider's stock valued at $261,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

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Insider Activity

In other news, CAO Richard C. Cary sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,725 shares of company stock worth $4,972,964 over the last ninety days. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AJG. Truist Financial boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the company a "market perform" rating in a research note on Wednesday, March 5th. Barclays lifted their price target 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. Finally, Royal Bank of Canada lifted their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $307.93.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG traded down $3.16 during trading hours on Wednesday, hitting $326.50. 973,961 shares of the stock were exchanged, compared to its average volume of 1,139,139. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $345.43. The firm's fifty day moving average price is $314.21 and its 200 day moving average price is $298.74. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $83.16 billion, a P/E ratio of 50.08 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate 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%. As a group, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.80%. 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.