Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Mariner LLC

Mariner LLC grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,407 shares of the financial services provider's stock after acquiring an additional 3,636 shares during the period. Mariner LLC's holdings in Arthur J. Gallagher & Co. were worth $17,147,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Arthur J. Gallagher & Co. by 21.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock worth $18,893,000 after purchasing an additional 11,752 shares during the period. Principal Financial Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 231.2% in the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock worth $249,237,000 after buying an additional 618,362 shares during the period. Running Oak Capital LLC increased its stake in Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after buying an additional 3,983 shares in the last quarter. Nordea Investment Management AB raised its holdings in Arthur J. Gallagher & Co. by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider's stock valued at $6,381,000 after acquiring an additional 3,217 shares during the period. Finally, Campbell Newman Asset Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 13.9% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider's stock valued at $40,069,000 after acquiring an additional 17,196 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Trading Up 2.6 %

Shares of NYSE AJG traded up $8.30 during midday trading on Tuesday, hitting $327.70. The company's stock had a trading volume of 93,489 shares, compared to its average volume of 1,648,564. The business's 50 day moving average is $330.27 and its two-hundred day moving average is $306.31. The firm has a market cap of $83.80 billion, a P/E ratio of 50.26 and a beta of 0.64. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 12-month low of $232.27 and a 12-month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued 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 research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.79%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the sale, the vice president now directly owns 14,674 shares in the company, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the transaction, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,235 shares of company stock worth $7,478,224. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler raised shares of 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 report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Barclays lifted their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods increased their target price on 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. Finally, Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of "Hold" and an average target price of $315.27.

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.