Tranquility Partners LLC Acquires Shares of 1,196 Arthur J. Gallagher & Co. (NYSE:AJG)

Tranquility Partners LLC purchased a new position in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,196 shares of the financial services provider's stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AJG. Wealth Enhancement Advisory Services LLC lifted its stake in Arthur J. Gallagher & Co. by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider's stock worth $18,893,000 after purchasing an additional 11,752 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Arthur J. Gallagher & Co. by 15.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 109,639 shares of the financial services provider's stock worth $30,450,000 after buying an additional 14,860 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Arthur J. Gallagher & Co. by 231.2% in the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider's stock valued at $249,237,000 after buying an additional 618,362 shares in the last quarter. Running Oak Capital LLC increased its stake in shares of Arthur J. Gallagher & Co. by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider's stock worth $13,830,000 after acquiring an additional 3,983 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of 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 worth $51,732,000 after acquiring an additional 2,092 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the sale, the chief accounting officer now owns 69,774 shares of the company's stock, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David S. Johnson sold 325 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is currently owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Down 2.1 %

Shares of NYSE AJG traded down $6.97 during mid-day trading on Monday, hitting $321.59. The company had a trading volume of 2,079,535 shares, compared to its average volume of 1,682,793. The company has a market capitalization of $80.33 billion, a PE ratio of 49.32 and a beta of 0.77. The business's 50-day simple moving average is $293.94 and its 200 day simple moving average is $292.01. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $329.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06.

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 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.81%. 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 payout ratio is 36.81%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a report on Friday, January 31st. BMO Capital Markets raised their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Piper Sandler raised Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $307.00.

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.