Van Hulzen Asset Management LLC lifted its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,039 shares of the financial services provider's stock after buying an additional 1,892 shares during the quarter. Arthur J. Gallagher & Co. makes up 2.0% of Van Hulzen Asset Management LLC's holdings, making the stock its 8th largest holding. Van Hulzen Asset Management LLC's holdings in Arthur J. Gallagher & Co. were worth $27,817,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. grew its stake in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth $35,000. Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at about $36,000. Finally, OFI Invest Asset Management purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $42,000. Institutional investors own 85.53% of the company's stock.
Arthur J. Gallagher & Co. Trading Up 2.5 %
Arthur J. Gallagher & Co. stock traded up $8.21 during midday trading on Thursday, reaching $334.85. The stock had a trading volume of 1,497,411 shares, compared to its average volume of 1,141,242. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a market cap of $85.29 billion, a price-to-earnings ratio of 51.36 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. The company has a fifty day moving average of $315.04 and a 200 day moving average of $298.94.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (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%. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co. Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 39.88%.
Insider Buying and Selling at Arthur J. Gallagher & Co.
In related news, CAO Richard C. Cary sold 10,000 shares of the business'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 completion of the sale, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherry S. Barrat sold 2,500 shares of the firm'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 transaction, the director now owns 16,533 shares in the company, valued at $5,031,487.89. The trade was a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock valued at $4,972,964 in the last three months. Company insiders own 1.60% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Barclays boosted their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and raised their target price for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and upped their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped 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 note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of "Hold" and an average price target of $307.93.
Read Our Latest Research Report on Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Profile
(
Free Report)
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.
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