LGT Fund Management Co Ltd. Has $1.51 Million Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG)

LGT Fund Management Co Ltd. boosted its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 60.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,312 shares of the financial services provider's stock after purchasing an additional 2,000 shares during the period. LGT Fund Management Co Ltd.'s holdings in Arthur J. Gallagher & Co. were worth $1,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock valued at $28,000 after buying an additional 87 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock worth $29,000 after purchasing an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $35,000. Finally, Financial Life Planners purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at $36,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Royal Bank of Canada upped 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 note on Friday, January 31st. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and lifted their target price for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Truist Financial upped their price target on shares of 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. Finally, BMO Capital Markets boosted their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $307.93.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded down $1.22 during midday trading on Thursday, reaching $339.57. The stock had a trading volume of 146,035 shares, compared to its average volume of 1,100,743. The stock has a market capitalization of $86.49 billion, a P/E ratio of 52.08 and a beta of 0.77. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $359.45. 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 firm's fifty day simple moving average is $306.11 and its 200-day simple moving average is $296.31.

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 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 forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase 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 0.77%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the company's stock in a transaction 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 directly 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 legal filing with the SEC, which is available at this hyperlink. 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 transaction, the vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock valued at $4,972,964 over the last quarter. 1.60% of the stock is owned by company insiders.

About Arthur J. Gallagher & Co.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.