Farringdon Capital Ltd. Purchases Shares of 4,612 Arthur J. Gallagher & Co. (NYSE:AJG)

Farringdon Capital Ltd. bought a new position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,612 shares of the financial services provider's stock, valued at approximately $1,309,000. Arthur J. Gallagher & Co. makes up 0.5% of Farringdon Capital Ltd.'s portfolio, making the stock its 28th biggest holding.

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

Arthur J. Gallagher & Co. Stock Up 3.3 %

Arthur J. Gallagher & Co. stock traded up $10.58 during mid-day trading on Tuesday, hitting $329.98. The company had a trading volume of 219,163 shares, compared to its average volume of 1,650,027. The stock's 50 day moving average price is $330.27 and its two-hundred day moving average price is $306.31. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $84.39 billion, a PE ratio of 50.61 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 issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating 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, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share 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. This represents a $2.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 39.88%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AJG shares. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, April 10th. Royal Bank of Canada boosted their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $315.27.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 7,510 shares of the business's stock in a transaction dated 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 sale, the vice president now directly owns 90,020 shares in the company, valued at $30,029,771.80. The trade was a 7.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the transaction, the chief accounting officer now directly owns 69,774 shares in the company, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 in the last three months. 1.60% of the stock is owned by company insiders.

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.