Defined Financial Planning LLC Purchases Shares of 1,100 Arthur J. Gallagher & Co. (NYSE:AJG)

Defined Financial Planning LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,100 shares of the financial services provider's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $25,000. MRP Capital Investments LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $28,000. New Age Alpha Advisors LLC boosted 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 valued at $31,000 after purchasing an additional 49 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $35,000. Finally, Financial Life Planners acquired a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AJG shares. Royal Bank of Canada raised their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective on the stock. Truist Financial upped 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. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and boosted their price target 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 assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $315.27.

Arthur J. Gallagher & Co. Stock Down 1.0 %

Shares of AJG traded down $3.37 during midday trading on Friday, hitting $329.29. The company had a trading volume of 1,195,137 shares, compared to its average volume of 1,264,087. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 52 week low of $232.27 and a 52 week high of $350.70. The company's 50 day moving average price is $330.37 and its 200 day moving average price is $305.82. The stock has a market cap of $84.21 billion, a price-to-earnings ratio of 50.50 and a beta of 0.64.

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%. On average, 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. Arthur J. Gallagher & Co.'s payout ratio is 39.88%.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 10,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares of the company's stock, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David S. Johnson sold 325 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now directly owns 44,783 shares of the company's stock, valued at $14,422,812.98. This trade represents a 0.72 % 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 valued at $7,478,224 in the last quarter. Insiders own 1.30% 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.