Unigestion Holding SA Acquires 2,063 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Unigestion Holding SA increased its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,601 shares of the financial services provider's stock after purchasing an additional 2,063 shares during the period. Unigestion Holding SA's holdings in Arthur J. Gallagher & Co. were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $25,000. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at $28,000. New Age Alpha Advisors LLC increased its stake in Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after buying an additional 49 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $35,000. Finally, Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Activity

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 69,774 shares of the company's stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the business's 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 completion of the transaction, the director now owns 16,533 shares of the company's stock, valued at $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. Over the last ninety days, insiders sold 23,235 shares of company stock worth $7,478,224. Corporate insiders own 1.60% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on AJG. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target for the company. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Thursday. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. 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 note on Friday, March 21st. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their target price for the company from $295.00 to $377.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $313.33.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded up $8.34 during mid-day trading on Friday, hitting $334.06. 427,246 shares of the stock were exchanged, compared to its average volume of 1,252,897. 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 firm's 50-day simple moving average is $328.63 and its 200 day simple moving average is $303.78. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $350.70. The stock has a market capitalization of $85.43 billion, a price-to-earnings ratio of 50.88 and a beta of 0.64.

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 earnings per share (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, equities analysts anticipate 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 was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 39.88%.

Arthur J. Gallagher & Co. 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.