Arthur J. Gallagher & Co. (NYSE:AJG) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 1,002.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,827 shares of the financial services provider's stock after buying an additional 11,664 shares during the period. Gamco Investors INC. ET AL's holdings in Arthur J. Gallagher & Co. were worth $3,641,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $25,000. MRP Capital Investments LLC purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $28,000. New Age Alpha Advisors LLC increased its position 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 worth $31,000 after purchasing an additional 49 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth about $35,000. Finally, Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth about $36,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director Sherry S. Barrat sold 2,500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the completion of the transaction, the director now owns 16,533 shares in the company, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 that occurred on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the transaction, the vice president now owns 14,674 shares of the company's stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AJG. Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Jefferies Financial Group decreased their price target on Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Barclays raised their price target on Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada boosted their target price 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and an average target price of $315.27.

Arthur J. Gallagher & Co. Stock Up 0.4 %

AJG stock traded up $1.36 during midday trading on Wednesday, hitting $332.11. 299,604 shares of the company's stock were exchanged, compared to its average volume of 1,642,875. 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 12-month low of $232.27 and a 12-month high of $350.70. The firm has a 50 day moving average price of $330.32 and a 200-day moving average price of $306.48. The stock has a market capitalization of $84.93 billion, a price-to-earnings ratio of 50.94 and a beta of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.47% and a net margin of 12.70%. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 39.88%.

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.