Annex Advisory Services LLC Purchases 11,920 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Annex Advisory Services LLC increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 29.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,021 shares of the financial services provider's stock after purchasing an additional 11,920 shares during the period. Annex Advisory Services LLC's holdings in Arthur J. Gallagher & Co. were worth $15,050,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AJG. Renaissance Investment Group LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 4.5% in the 4th quarter. Renaissance Investment Group LLC now owns 34,864 shares of the financial services provider's stock valued at $9,896,000 after acquiring an additional 1,487 shares in the last quarter. Ballew Advisors Inc raised its holdings in shares of Arthur J. Gallagher & Co. by 4.3% in the 4th quarter. Ballew Advisors Inc now owns 20,782 shares of the financial services provider's stock valued at $5,940,000 after acquiring an additional 849 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 105.8% in the 4th quarter. HB Wealth Management LLC now owns 6,786 shares of the financial services provider's stock valued at $1,926,000 after acquiring an additional 3,489 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $476,000. Finally, Verity & Verity LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 3.9% in the 4th quarter. Verity & Verity LLC now owns 41,759 shares of the financial services provider's stock valued at $11,853,000 after acquiring an additional 1,575 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AJG shares. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price target on the stock. in a report on Monday, November 25th. BMO Capital Markets increased their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. TD Cowen upgraded Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Barclays increased their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $304.07.

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company's stock, valued at approximately $4,211,438. This trade represents a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares of the company's stock, valued at approximately $21,626,666.10. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Arthur J. Gallagher & Co. Trading Down 0.2 %

NYSE AJG traded down $0.57 on Monday, hitting $295.22. The company's stock had a trading volume of 1,261,458 shares, compared to its average volume of 2,133,369. Arthur J. Gallagher & Co. has a 52-week low of $227.08 and a 52-week high of $316.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The company's 50-day simple moving average is $291.99 and its 200 day simple moving average is $287.02. The firm has a market cap of $73.75 billion, a P/E ratio of 56.23 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, hitting the consensus estimate of $2.26. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business's revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. Research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, December 6th. Arthur J. Gallagher & Co.'s payout ratio is presently 45.71%.

About Arthur J. Gallagher & Co.

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.