Telligent Fund LP Makes New $3.01 Million Investment in Arthur J. Gallagher & Co. (NYSE:AJG)

Telligent Fund LP purchased a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,600 shares of the financial services provider's stock, valued at approximately $3,009,000. Arthur J. Gallagher & Co. makes up 2.9% of Telligent Fund LP's holdings, making the stock its 12th largest position.

Other institutional investors have also made changes to their positions in the company. Catalina Capital Group LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth 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 during the period. W Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 2.4% during the 3rd quarter. W Advisors LLC now owns 1,514 shares of the financial services provider's stock worth $426,000 after buying an additional 36 shares during the period. Greenleaf Trust grew its position in shares of Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider's stock valued at $940,000 after buying an additional 36 shares during the last quarter. Covenant Partners LLC increased its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider's stock valued at $1,499,000 after buying an additional 38 shares during the period. Finally, Disciplined Investments LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.7% during the third quarter. Disciplined Investments LLC now owns 5,849 shares of the financial services provider's stock worth $1,635,000 after acquiring an additional 38 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 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 sale 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 business's stock in a transaction 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 completion of the transaction, the director now directly owns 16,533 shares in the company, 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 own 1.60% of the company's stock.

Wall Street Analyst Weigh In

AJG has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of 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 upped their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 target price on the stock. in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of "Hold" and an average target price of $307.00.

Arthur J. Gallagher & Co. Stock Up 0.4 %

Shares of NYSE:AJG traded up $1.22 during trading on Monday, reaching $323.55. 758,354 shares of the stock were exchanged, compared to its average volume of 1,872,338. The stock has a fifty day moving average of $292.02 and a two-hundred day moving average of $290.49. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $324.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. The firm has a market cap of $80.82 billion, a price-to-earnings ratio of 49.65 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share 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%. Research analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 36.81%.

About Arthur J. Gallagher & Co.

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.