Professional Advisory Services Inc. Has $21.04 Million Stake in Arthur J. Gallagher & Co. (NYSE:AJG)

Professional Advisory Services Inc. lowered its position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,125 shares of the financial services provider's stock after selling 1,723 shares during the period. Arthur J. Gallagher & Co. accounts for 2.9% of Professional Advisory Services Inc.'s portfolio, making the stock its 17th largest holding. Professional Advisory Services Inc.'s holdings in Arthur J. Gallagher & Co. were worth $21,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AJG. Strategic Investment Solutions Inc. IL acquired a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after buying an additional 87 shares during the last quarter. Quarry LP bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth $29,000. Rakuten Securities Inc. grew 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 valued at $29,000 after buying an additional 87 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Arthur J. Gallagher & Co. by 47.6% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 152 shares of the financial services provider's stock worth $44,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock traded down $0.57 during trading hours on Friday, hitting $295.22. The company had a trading volume of 1,261,458 shares, compared to its average volume of 2,133,369. Arthur J. Gallagher & Co. has a 12 month low of $227.08 and a 12 month high of $316.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm's fifty day moving average is $291.99 and its 200 day moving average is $286.85. The firm has a market capitalization of $73.75 billion, a price-to-earnings ratio of 56.23 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting analysts' consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.78 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The business's revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.60 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 45.71%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 7,000 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the transaction, the vice president now owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AJG shares. Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, September 20th. Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods upgraded shares of Arthur J. Gallagher & Co. from an "underperform" rating to a "market perform" rating and cut their target price for the company from $292.00 to $286.00 in a research note on Friday, January 10th. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $304.07.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.