BXM Wealth LLC Invests $311,000 in Arthur J. Gallagher & Co. (NYSE:AJG)

BXM Wealth LLC purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,097 shares of the financial services provider's stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its position in Arthur J. Gallagher & Co. by 3.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,628 shares of the financial services provider's stock valued at $739,000 after acquiring an additional 92 shares during the last quarter. Creative Planning grew its position in Arthur J. Gallagher & Co. by 4.4% in the 3rd quarter. Creative Planning now owns 59,653 shares of the financial services provider's stock valued at $16,785,000 after acquiring an additional 2,537 shares during the last quarter. Vontobel Holding Ltd. grew its position in Arthur J. Gallagher & Co. by 6.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 24,863 shares of the financial services provider's stock valued at $6,996,000 after acquiring an additional 1,451 shares during the last quarter. Good Life Advisors LLC bought a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at $330,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Arthur J. Gallagher & Co. by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,722 shares of the financial services provider's stock valued at $6,393,000 after acquiring an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the completion of the sale, the chief accounting officer now directly owns 69,774 shares in the company, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the sale, the director now owns 16,533 shares of the company's stock, valued at approximately $5,031,487.89. This trade represents 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 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada upped 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. Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. BMO Capital Markets increased their price target on 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. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price target on the stock. in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a "market perform" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $307.00.

Arthur J. Gallagher & Co. Stock Up 0.3 %

AJG stock traded up $1.00 during trading on Wednesday, reaching $327.30. 709,578 shares of the company traded hands, compared to its average volume of 1,797,009. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $329.60. The business has a 50 day simple moving average of $295.38 and a 200 day simple moving average of $292.53. The company has a market capitalization of $81.76 billion, a price-to-earnings ratio of 50.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.79%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 36.81%.

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.