7,085 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,085 shares of the financial services provider's stock, valued at approximately $2,011,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in Arthur J. Gallagher & Co. by 18.9% in the third quarter. Rockefeller Capital Management L.P. now owns 17,750 shares of the financial services provider's stock worth $4,990,000 after acquiring an additional 2,819 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Arthur J. Gallagher & Co. during the third quarter worth $582,000. Hilltop Holdings Inc. increased its holdings in Arthur J. Gallagher & Co. by 906.5% in the third quarter. Hilltop Holdings Inc. now owns 11,605 shares of the financial services provider's stock valued at $3,265,000 after buying an additional 10,452 shares during the last quarter. HighTower Advisors LLC raised its stake in Arthur J. Gallagher & Co. by 1.4% in the third quarter. HighTower Advisors LLC now owns 56,672 shares of the financial services provider's stock valued at $15,980,000 after buying an additional 789 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Arthur J. Gallagher & Co. by 2.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,330,703 shares of the financial services provider's stock worth $374,408,000 after buying an additional 31,181 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their target price 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. Wells Fargo & Company lifted their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, Redburn Atlantic assumed coverage on Arthur J. Gallagher & Co. in a report on Tuesday, March 25th. They set a "neutral" rating and a $352.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $313.20.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock traded down $25.43 during trading hours on Friday, hitting $318.97. 2,901,895 shares of the company were exchanged, compared to its average volume of 1,234,376. 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 business has a 50-day moving average of $326.40 and a 200-day moving average of $302.45. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $350.70. The stock has a market capitalization of $81.57 billion, a price-to-earnings ratio of 48.92 and a beta of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates 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, 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.82%. 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 payout ratio is currently 39.88%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction 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 in the company, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sherry S. Barrat sold 2,500 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now directly owns 16,533 shares in the company, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,235 shares of company stock valued at $7,478,224. Corporate insiders own 1.60% of the company's stock.

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.