Champlain Investment Partners LLC Has $97.44 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Champlain Investment Partners LLC trimmed its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 343,280 shares of the financial services provider's stock after selling 12,005 shares during the period. Champlain Investment Partners LLC owned approximately 0.14% of Arthur J. Gallagher & Co. worth $97,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Arthur J. Gallagher & Co. by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock valued at $18,893,000 after purchasing an additional 11,752 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock worth $249,237,000 after purchasing an additional 618,362 shares during the period. Running Oak Capital LLC boosted its position in shares of Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock valued at $13,830,000 after purchasing an additional 3,983 shares during the period. Nordea Investment Management AB increased its stake in Arthur J. Gallagher & Co. by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider's stock worth $6,381,000 after purchasing an additional 3,217 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. raised its holdings in Arthur J. Gallagher & Co. by 13.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 141,163 shares of the financial services provider's stock worth $40,069,000 after buying an additional 17,196 shares during the period. Institutional investors own 85.53% of the company's stock.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares of the company's stock, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. This trade represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock worth $7,478,224 over the last three months. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock traded up $9.95 during trading on Tuesday, reaching $329.35. The company had a trading volume of 269,507 shares, compared to its average volume of 1,259,617. Arthur J. Gallagher & Co. has a one year low of $232.27 and a one year high of $350.70. The company has a market capitalization of $84.23 billion, a PE ratio of 50.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm's 50 day simple moving average is $330.27 and its two-hundred day simple moving average is $306.31.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results 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%. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.65 dividend. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, March 7th. Arthur J. Gallagher & Co.'s payout ratio is currently 39.88%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AJG shares. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. 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 research note on Friday, January 31st. Truist Financial raised their target price on 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. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price target on the stock. Finally, TD Cowen upgraded 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 research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $315.27.

About Arthur J. Gallagher & Co.

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.