NewEdge Advisors LLC Has $53.50 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

NewEdge Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,469 shares of the financial services provider's stock after purchasing an additional 3,718 shares during the period. NewEdge Advisors LLC owned about 0.08% of Arthur J. Gallagher & Co. worth $53,497,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AJG. Norges Bank acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $1,421,591,000. Vanguard Group Inc. raised its holdings in Arthur J. Gallagher & Co. by 14.9% during the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider's stock worth $8,422,435,000 after buying an additional 3,851,661 shares during the last quarter. Winslow Capital Management LLC bought a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $719,489,000. Wellington Management Group LLP boosted its position in shares of Arthur J. Gallagher & Co. by 162.0% during the fourth quarter. Wellington Management Group LLP now owns 2,822,319 shares of the financial services provider's stock valued at $801,115,000 after buying an additional 1,745,283 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 126.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider's stock worth $568,619,000 after purchasing an additional 1,117,441 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now directly owns 69,774 shares of the company's stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the sale, the director now directly owns 16,533 shares in the company, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock valued at $7,478,224 over the last ninety days. Insiders own 1.30% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded down $8.87 on Monday, reaching $320.35. The company's stock had a trading volume of 192,317 shares, compared to its average volume of 1,260,980. The firm's 50 day moving average is $330.37 and its two-hundred day moving average is $306.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $81.92 billion, a PE ratio of 49.13 and a beta of 0.64. Arthur J. Gallagher & Co. has a twelve month low of $232.27 and a twelve month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly 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 net margin of 12.70% and a return on equity of 16.47%. As a group, sell-side analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.65 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 39.88%.

Wall Street Analyst Weigh In

AJG has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada increased their price objective on 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. Keefe, Bruyette & Woods increased their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and a consensus target price of $315.27.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.