Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,641 shares of the financial services provider's stock after buying an additional 13,997 shares during the period. Royal London Asset Management Ltd. owned about 0.06% of Arthur J. Gallagher & Co. worth $39,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its holdings in shares of Arthur J. Gallagher & Co. by 7.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 13,228 shares of the financial services provider's stock valued at $3,755,000 after purchasing an additional 873 shares in the last quarter. Xponance Inc. lifted its holdings in Arthur J. Gallagher & Co. by 13.1% during the fourth quarter. Xponance Inc. now owns 35,644 shares of the financial services provider's stock worth $10,118,000 after buying an additional 4,136 shares during the period. South Street Advisors LLC boosted its position in Arthur J. Gallagher & Co. by 0.6% during the 4th quarter. South Street Advisors LLC now owns 44,536 shares of the financial services provider's stock valued at $12,642,000 after acquiring an additional 265 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 29.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 8,820 shares of the financial services provider's stock worth $2,504,000 after acquiring an additional 1,983 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $14,937,000. 85.53% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. in a report on Tuesday. They issued a "neutral" rating and a $352.00 target price for the company. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and increased their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their price target 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. Truist Financial increased their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their target price for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $313.20.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG traded down $0.12 during mid-day trading on Tuesday, hitting $337.55. The company's stock had a trading volume of 1,426,982 shares, compared to its average volume of 1,147,627. The business's fifty day moving average is $318.01 and its two-hundred day moving average is $299.81. The stock has a market cap of $85.97 billion, a price-to-earnings ratio of 51.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $2.13 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%. Analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 39.88%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the transaction, the director now directly owns 44,783 shares of the company's stock, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the business's 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 sale, the vice president now owns 14,674 shares of the company's stock, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,235 shares of company stock valued at $7,478,224. Company insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Company 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.