Alley Investment Management Company LLC Buys 1,168 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Alley Investment Management Company LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,980 shares of the financial services provider's stock after buying an additional 1,168 shares during the period. Arthur J. Gallagher & Co. comprises about 2.2% of Alley Investment Management Company LLC's investment portfolio, making the stock its 18th biggest holding. Alley Investment Management Company LLC's holdings in Arthur J. Gallagher & Co. were worth $17,025,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 87 shares in the last quarter. Rakuten Securities Inc. increased its position in Arthur J. Gallagher & Co. by 580.0% during the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $36,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Sherry S. Barrat sold 2,500 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the transaction, the director now directly owns 16,533 shares in the company, valued at $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 69,774 shares of the company's stock, valued at $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,725 shares of company stock valued at $4,972,964. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG stock traded up $0.61 during midday trading on Thursday, reaching $341.40. 298,594 shares of the company's stock traded hands, compared to its average volume of 1,101,292. The stock's 50-day moving average is $306.11 and its 200 day moving average is $296.31. The stock has a market cap of $86.95 billion, a P/E ratio of 52.39 and a beta of 0.77. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $359.45. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

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, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is 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 dividend yield of 0.76%. Arthur J. Gallagher & Co.'s payout ratio is 39.88%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AJG shares. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price objective for the company. in a report on Monday, November 25th. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Barclays increased their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada increased their price target on shares of 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. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their target price for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $307.93.

Arthur J. Gallagher & Co. Company 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.