760 Shares in Arthur J. Gallagher & Co. (NYSE:AJG) Purchased by Truepoint Inc.

Truepoint Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 760 shares of the financial services provider's stock, valued at approximately $216,000.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Arthur J. Gallagher & Co. by 126.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider's stock valued at $568,619,000 after purchasing an additional 1,117,441 shares during the last quarter. FMR LLC increased its stake in shares of Arthur J. Gallagher & Co. by 4.9% during the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock worth $3,462,392,000 after purchasing an additional 580,134 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $163,087,000. Burkehill Global Management LP acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $156,118,000. Finally, Assenagon Asset Management S.A. increased its position in Arthur J. Gallagher & Co. by 6,581.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider's stock worth $124,174,000 after buying an additional 430,917 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Redburn Atlantic began coverage on Arthur J. Gallagher & Co. in a research report on Tuesday. They issued a "neutral" rating and a $352.00 price target for the company. TD Cowen raised Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price target on the stock. in a research report on Monday, November 25th. Royal Bank of Canada upped their price objective 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and a consensus price target of $313.20.

Remove Ads

Insider Activity

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares of the company's stock, valued at $30,029,771.80. This represents a 7.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry S. Barrat sold 2,500 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares of the company's stock, valued at approximately $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,235 shares of company stock worth $7,478,224. Insiders own 1.60% of the company's stock.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock traded down $0.12 during midday trading on Tuesday, hitting $337.55. 1,426,982 shares of the company were exchanged, compared to its average volume of 1,147,627. The firm has a 50 day simple moving average of $318.01 and a 200-day simple moving average of $299.81. 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 firm has a market cap of $85.97 billion, a P/E ratio of 51.77 and a beta of 0.75. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings data 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%. Research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

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

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