1,196 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by Diametric Capital LP

Diametric Capital LP bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,196 shares of the financial services provider's stock, valued at approximately $339,000.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday, March 21st. Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, March 25th. They issued a "neutral" rating and a $352.00 price objective for the company. Royal Bank of Canada upped their target price on 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. TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Truist Financial boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $313.20.

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Insiders Place Their Bets

In related news, CAO Richard C. Cary sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following the sale, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. This represents a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the firm's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,235 shares of company stock valued at $7,478,224. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 7.4 %

Shares of NYSE:AJG traded down $25.43 during trading on Friday, reaching $318.97. The stock had a trading volume of 2,901,895 shares, compared to its average volume of 1,234,376. The firm's 50-day simple moving average is $326.40 and its 200 day simple moving average is $302.45. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $350.70. The company has a market capitalization of $81.57 billion, a P/E ratio of 48.92 and a beta of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.65 dividend. The ex-dividend date was Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.82%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 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.