1,736 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,736 shares of the financial services provider's stock, valued at approximately $493,000.

Several other hedge funds also recently modified their holdings of AJG. FMR LLC lifted its stake in Arthur J. Gallagher & Co. by 4.9% during the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock valued at $3,462,392,000 after acquiring an additional 580,134 shares in the last quarter. State Street Corp raised its holdings in shares of Arthur J. Gallagher & Co. by 0.5% in the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider's stock valued at $2,513,199,000 after purchasing an additional 47,656 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 1.5% during the third quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider's stock valued at $1,541,044,000 after purchasing an additional 79,429 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Arthur J. Gallagher & Co. by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,029,256 shares of the financial services provider's stock valued at $576,004,000 after buying an additional 184,960 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 126.2% in the 4th quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider's stock worth $568,619,000 after buying an additional 1,117,441 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

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Insider Buying and Selling

In other news, VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction on 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 transaction, the vice president now owns 90,020 shares of the company's stock, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now directly owns 14,674 shares of the company's stock, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,235 shares of company stock valued at $7,478,224. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AJG. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their price target for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Truist Financial raised their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Redburn Atlantic initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday. They issued a "neutral" rating and a $352.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $313.20.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG traded down $0.80 during trading on Wednesday, hitting $336.56. 1,346,633 shares of the company were exchanged, compared to its average volume of 1,150,449. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $345.43. The stock has a 50 day moving average of $318.98 and a 200 day moving average of $300.11. 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 company has a market cap of $85.72 billion, a PE ratio of 51.62 and a beta of 0.75.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. As a group, equities research analysts predict 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 paid a dividend of $0.65 per share. The ex-dividend date was Friday, March 7th. This represents a $2.60 annualized dividend and a yield of 0.77%. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s payout ratio is currently 39.88%.

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.