Capital International Sarl Boosts Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Capital International Sarl lifted its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,731 shares of the financial services provider's stock after acquiring an additional 8,904 shares during the period. Capital International Sarl's holdings in Arthur J. Gallagher & Co. were worth $28,592,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AJG. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter valued at $25,000. MRP Capital Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $28,000. New Age Alpha Advisors LLC raised its holdings 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 worth $31,000 after purchasing an additional 49 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $35,000. Finally, Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth $36,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a report on Friday, January 31st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Royal Bank of Canada boosted 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. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Finally, Wells Fargo & Company increased their target price 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $315.27.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Shares of AJG stock traded down $0.46 during mid-day trading on Wednesday, reaching $330.29. 380,994 shares of the company's stock traded hands, compared to its average volume of 1,261,399. 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 company's 50-day moving average price is $330.32 and its 200-day moving average price is $306.48. The company has a market cap of $84.47 billion, a P/E ratio of 50.66 and a beta of 0.64. Arthur J. Gallagher & Co. has a 12 month low of $232.27 and a 12 month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results 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%. On average, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 10,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $302.61, for a total transaction 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. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock valued at $7,478,224 over the last ninety days. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. 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.