Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,198 shares of the financial services provider's stock after acquiring an additional 982 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Arthur J. Gallagher & Co. were worth $3,089,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Catalina Capital Group LLC grew its position in Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock valued at $959,000 after acquiring an additional 35 shares in the last quarter. W Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 2.4% during the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider's stock worth $426,000 after buying an additional 36 shares in the last quarter. Greenleaf Trust grew its position in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock worth $940,000 after buying an additional 36 shares in the last quarter. Covenant Partners LLC grew its position in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider's stock worth $1,499,000 after buying an additional 38 shares in the last quarter. Finally, Disciplined Investments LLC grew its position in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider's stock worth $1,635,000 after buying an additional 38 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AJG. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a "market perform" rating in a research report on Friday, January 31st. Truist Financial increased their price target on shares of 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. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their price target for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $307.00.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 325 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now owns 44,783 shares in the company, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares of the company's stock, valued at approximately $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 15,725 shares of company stock valued at $4,972,964. 1.60% of the stock is owned by company insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG traded up $0.15 during mid-day trading on Friday, hitting $325.28. 952,441 shares of the company were exchanged, compared to its average volume of 1,745,089. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $297.14 and a 200-day simple moving average of $293.00. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $329.60. The firm has a market cap of $82.85 billion, a price-to-earnings ratio of 49.89 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS 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%. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.80%. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 36.81%.

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.