Sanctuary Advisors LLC Buys 1,361 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Sanctuary Advisors LLC lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,485 shares of the financial services provider's stock after acquiring an additional 1,361 shares during the quarter. Sanctuary Advisors LLC's holdings in Arthur J. Gallagher & Co. were worth $16,293,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. raised its position in shares of Arthur J. Gallagher & Co. by 580.0% during 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 last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after purchasing an additional 87 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $35,000. Finally, Financial Life Planners acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Johnson sold 325 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the sale, the director now owns 44,783 shares of the company's stock, valued at approximately $14,422,812.98. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,725 shares of company stock worth $4,972,964. Corporate insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Stock Up 0.0 %

NYSE:AJG traded up $0.15 on Friday, reaching $325.28. The stock had a trading volume of 952,441 shares, compared to its average volume of 1,745,089. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $297.14 and a 200 day moving average of $293.00. The stock has a market cap of $82.85 billion, a P/E ratio of 49.89 and a beta of 0.77. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $329.60.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.80%. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 36.81%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company cut 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 report on Friday, January 31st. Barclays lifted their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. TD Cowen upgraded Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and boosted their price target for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a "market perform" rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $307.00.

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