BTG Pactual Asset Management US LLC acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,435 shares of the financial services provider's stock, valued at approximately $2,110,000.
A number of other large investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock valued at $18,893,000 after acquiring an additional 11,752 shares during the period. Principal Financial Group Inc. grew its stake in Arthur J. Gallagher & Co. by 231.2% in the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock valued at $249,237,000 after purchasing an additional 618,362 shares during the last quarter. Running Oak Capital LLC raised its holdings in Arthur J. Gallagher & Co. by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after purchasing an additional 3,983 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Arthur J. Gallagher & Co. by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider's stock valued at $6,381,000 after buying an additional 3,217 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 13.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider's stock worth $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. Price Performance
Shares of NYSE AJG traded down $7.72 during mid-day trading on Tuesday, reaching $335.20. The company's stock had a trading volume of 1,313,745 shares, compared to its average volume of 1,260,805. The stock has a 50-day moving average of $329.92 and a two-hundred day moving average of $305.00. 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 capitalization of $85.72 billion, a P/E ratio of 51.41 and a beta of 0.64. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $350.70.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.
Arthur J. Gallagher & Co. Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is an increase 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 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.
Analyst Ratings Changes
Several research firms have recently issued reports on AJG. Truist Financial upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a report on Friday, March 21st. Royal Bank of Canada lifted their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $315.27.
View Our Latest Stock Analysis on AJG
Insider Transactions at Arthur J. Gallagher & Co.
In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares of the company's stock, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the sale, the vice president now directly owns 14,674 shares of the company's stock, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 in the last quarter. Company insiders own 1.60% of the company's stock.
About Arthur J. Gallagher & Co.
(
Free Report)
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.
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