Swiss National Bank Acquires 56,600 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Swiss National Bank raised its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 705,100 shares of the financial services provider's stock after acquiring an additional 56,600 shares during the period. Swiss National Bank owned about 0.28% of Arthur J. Gallagher & Co. worth $200,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of AJG. Catalina Capital Group LLC increased its stake in Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider's stock worth $959,000 after purchasing an additional 35 shares in the last quarter. Greenleaf Trust increased its position in shares of Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock worth $940,000 after acquiring an additional 36 shares in the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Seelaus Asset Management LLC now owns 5,481 shares of the financial services provider's stock worth $1,542,000 after acquiring an additional 38 shares during the period. Brendel Financial Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider's stock valued at $2,054,000 after acquiring an additional 38 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in Arthur J. Gallagher & Co. by 4.4% in the 3rd quarter. Moors & Cabot Inc. now owns 929 shares of the financial services provider's stock worth $261,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

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Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Two 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, the company currently has a consensus rating of "Hold" and an average target price of $307.93.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the completion of the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the sale, the director now owns 16,533 shares of the company's stock, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,725 shares of company stock valued at $4,972,964 in the last quarter. 1.60% of the stock is currently owned by insiders.

Arthur J. Gallagher & Co. Stock Performance

AJG stock traded up $4.08 during trading hours on Monday, reaching $329.32. The stock had a trading volume of 1,172,039 shares, compared to its average volume of 1,137,678. The stock has a market capitalization of $83.88 billion, a PE ratio of 50.51 and a beta of 0.75. The stock has a 50-day simple moving average of $312.16 and a 200 day simple moving average of $298.22. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. 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. (NYSE:AJG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 16.47% and a net margin of 12.70%. Analysts predict 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 will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio is 39.88%.

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