Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Capital International Investors

Capital International Investors raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,067,647 shares of the financial services provider's stock after purchasing an additional 305,876 shares during the quarter. Capital International Investors owned 4.03% of Arthur J. Gallagher & Co. worth $2,857,737,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $25,000. MRP Capital Investments LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $28,000. New Age Alpha Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth $35,000. Finally, Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at $36,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Trading Up 0.3 %

NYSE AJG traded up $0.86 on Wednesday, reaching $331.61. The stock had a trading volume of 427,768 shares, compared to its average volume of 1,261,604. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $330.32 and a two-hundred day moving average price of $306.48. Arthur J. Gallagher & Co. has a 12-month low of $232.27 and a 12-month high of $350.70. The firm has a market capitalization of $84.80 billion, a price-to-earnings ratio of 50.86 and a beta of 0.64.

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 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, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.65 per share. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.78%. Arthur J. Gallagher & Co.'s payout ratio is presently 39.88%.

Analyst Ratings Changes

Several equities research analysts have recently 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 target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. 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. Jefferies Financial Group dropped their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Truist Financial upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research 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 objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of "Hold" and a consensus target price of $315.27.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the company'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 completion of the transaction, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This trade represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock valued at $7,478,224 over the last three months. 1.60% of the stock is owned by corporate insiders.

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.