CANADA LIFE ASSURANCE Co Boosts Position in Arthur J. Gallagher & Co. (NYSE:AJG)

CANADA LIFE ASSURANCE Co boosted its stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,506 shares of the financial services provider's stock after purchasing an additional 1,609 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Arthur J. Gallagher & Co. worth $65,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Farringdon Capital Ltd. purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter worth $1,309,000. Marshall Wace LLP boosted its holdings in shares of Arthur J. Gallagher & Co. by 1,833.5% in the 4th quarter. Marshall Wace LLP now owns 305,920 shares of the financial services provider's stock worth $86,835,000 after purchasing an additional 290,098 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Arthur J. Gallagher & Co. by 2.0% during the 4th quarter. NewEdge Advisors LLC now owns 188,469 shares of the financial services provider's stock valued at $53,497,000 after purchasing an additional 3,718 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $25,206,000. Finally, Master S Wealth Management Inc. bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth approximately $826,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Arthur J. Gallagher & Co. stock traded down $0.46 during trading hours on Wednesday, hitting $330.29. 380,994 shares of the stock traded hands, compared to its average volume of 1,261,399. The company has a market cap of $84.47 billion, a PE ratio of 50.66 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. The firm's 50-day moving average price is $330.32 and its two-hundred day moving average price is $306.48. Arthur J. Gallagher & Co. has a one year low of $232.27 and a one year high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data 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, research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.79%. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio is 39.88%.

Insiders Place Their Bets

In other news, VP Christopher E. Mead sold 2,900 shares of the business'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 transaction, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the 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 sale, the director now directly owns 16,533 shares in the company, valued at $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 23,235 shares of company stock valued at $7,478,224. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

AJG has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Thursday, April 10th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Jefferies Financial Group reduced their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Barclays boosted their price objective on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Finally, Truist Financial raised their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and an average price target of $315.27.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.