Capital International Inc. CA Has $31.30 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Capital International Inc. CA lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,263 shares of the financial services provider's stock after purchasing an additional 23,031 shares during the quarter. Capital International Inc. CA's holdings in Arthur J. Gallagher & Co. were worth $31,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Tudor Financial Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 3rd quarter valued at $401,000. Pine Valley Investments Ltd Liability Co increased its stake in Arthur J. Gallagher & Co. by 2.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,789 shares of the financial services provider's stock valued at $2,754,000 after acquiring an additional 272 shares during the period. World Investment Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the third quarter worth about $22,538,000. Wilmington Savings Fund Society FSB acquired a new stake in Arthur J. Gallagher & Co. during the third quarter valued at approximately $427,000. Finally, Tidal Investments LLC grew its stake in shares of Arthur J. Gallagher & Co. by 37.2% in the 3rd quarter. Tidal Investments LLC now owns 9,824 shares of the financial services provider's stock valued at $2,764,000 after purchasing an additional 2,666 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Trading Down 0.0 %

NYSE:AJG traded down $0.16 on Thursday, hitting $331.63. 563,877 shares of the stock were exchanged, compared to its average volume of 1,637,739. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52 week low of $232.27 and a 52 week high of $350.70. The stock has a market capitalization of $84.81 billion, a price-to-earnings ratio of 50.87 and a beta of 0.64. The company's 50-day moving average price is $330.53 and its 200 day moving average price is $306.65.

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, beating the consensus estimate 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 forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 39.88%.

Insiders Place Their Bets

In related news, VP Christopher E. Mead sold 2,900 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,235 shares of company stock worth $7,478,224. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

AJG has been the topic of several recent analyst reports. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday, March 21st. Jefferies Financial Group cut their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Barclays upped their price objective on shares of 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. Finally, Truist Financial lifted their target price 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and a consensus target price 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.