Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its holdings in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,269 shares of the financial services provider's stock after buying an additional 6,905 shares during the period. Retirement Systems of Alabama owned about 0.07% of Arthur J. Gallagher & Co. worth $51,453,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after buying an additional 87 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Arthur J. Gallagher & Co. by 580.0% during the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock worth $29,000 after buying an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $35,000. Finally, Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $36,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $312.70 on Wednesday. The company has a market capitalization of $78.11 billion, a PE ratio of 47.96 and a beta of 0.77. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $316.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. The company's fifty day moving average price is $291.71 and its 200 day moving average price is $289.21.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results 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 net margin of 12.70% and a return on equity of 16.47%. As a group, analysts expect that Arthur J. Gallagher & Co. will post 11.53 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced 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 represents a $2.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, March 7th. 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently 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 research note on Monday, November 25th. Royal Bank of Canada raised their price objective 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. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Piper Sandler upgraded shares of 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 report on Wednesday, January 8th. Finally, BMO Capital Markets increased their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two research 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $307.00.

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.

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