Boston Financial Mangement LLC Purchases 859 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Boston Financial Mangement LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,118 shares of the financial services provider's stock after purchasing an additional 859 shares during the period. Boston Financial Mangement LLC's holdings in Arthur J. Gallagher & Co. were worth $27,851,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

AJG has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 target price for the company. in a research note on Monday, November 25th. Barclays lifted 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 note on Thursday, November 21st. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Stock Performance

AJG traded up $0.15 during mid-day trading on Friday, reaching $325.28. 952,441 shares of the company traded hands, compared to its average volume of 1,745,089. The company's fifty day moving average price is $297.14 and its 200-day moving average price is $293.00. The stock has a market capitalization of $82.85 billion, a P/E ratio of 49.89 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $329.60.

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

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. 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 (DPR) is presently 36.81%.

Insider Activity at Arthur J. Gallagher & Co.

In other news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the sale, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now owns 14,674 shares of the company's stock, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is owned by company insiders.

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.