Sei Investments Co. Has $210.83 Million Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Sei Investments Co. grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 307.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 742,746 shares of the financial services provider's stock after purchasing an additional 560,325 shares during the quarter. Sei Investments Co. owned approximately 0.30% of Arthur J. Gallagher & Co. worth $210,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AJG. Wealth Enhancement Advisory Services LLC raised its stake in shares of Arthur J. Gallagher & Co. by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock valued at $18,893,000 after purchasing an additional 11,752 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock worth $249,237,000 after purchasing an additional 618,362 shares in the last quarter. Running Oak Capital LLC lifted its position in Arthur J. Gallagher & Co. by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after purchasing an additional 3,983 shares during the period. MML Investors Services LLC boosted its stake in Arthur J. Gallagher & Co. by 1.2% during the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider's stock valued at $51,732,000 after purchasing an additional 2,092 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Arthur J. Gallagher & Co. by 16.7% in the fourth quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider's stock valued at $6,381,000 after buying an additional 3,217 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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Arthur J. Gallagher & Co. Stock Down 0.2 %

AJG traded down $0.80 during trading on Wednesday, reaching $336.56. 1,351,202 shares of the stock traded hands, compared to its average volume of 1,151,139. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. The stock's 50-day simple moving average is $318.98 and its two-hundred day simple moving average is $300.11. 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 stock has a market cap of $85.72 billion, a price-to-earnings ratio of 51.62 and a beta of 0.75.

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 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%. As a group, equities research analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.

Insider Activity

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the firm's stock in a transaction that occurred 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 owns 69,774 shares of the company's stock, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock valued at $7,478,224 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AJG. Wells Fargo & Company upped their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Royal Bank of Canada raised their target price 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 upped their price target 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. TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and a consensus target price of $313.20.

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.