Wayfinding Financial LLC Acquires New Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Wayfinding Financial LLC acquired a new stake in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,253 shares of the financial services provider's stock, valued at approximately $355,000.

A number of other hedge funds also recently made changes to their positions in AJG. Principal Financial Group Inc. grew its holdings in Arthur J. Gallagher & Co. by 126.2% during the 4th 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 in the last quarter. FMR LLC grew its stake in shares of Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider's stock valued at $3,462,392,000 after acquiring an additional 580,134 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $163,087,000. Burkehill Global Management LP acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $156,118,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Arthur J. Gallagher & Co. by 6,581.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider's stock valued at $124,174,000 after purchasing an additional 430,917 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Arthur J. Gallagher & Co. Trading Down 0.0 %

AJG traded down $0.12 during trading on Tuesday, reaching $337.55. The company had a trading volume of 1,426,982 shares, compared to its average volume of 1,148,803. The firm's 50-day simple moving average is $318.98 and its 200 day simple moving average is $300.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $85.97 billion, a price-to-earnings ratio of 51.77 and a beta of 0.75. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43.

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Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.70% and a return on equity of 16.47%. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.77%. This is a positive change 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 payout ratio is presently 39.88%.

Insider Buying and Selling

In other news, Director David S. Johnson sold 325 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value 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 $14,422,812.98. This represents a 0.72 % 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 Sherry S. Barrat sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now directly 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. In the last ninety days, insiders sold 23,235 shares of company stock valued at $7,478,224. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 for the company. in a research note on Monday, November 25th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Wells Fargo & Company boosted their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an "overweight" rating in a report on Friday. Keefe, Bruyette & Woods increased their target price on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a "market perform" rating in a report on Friday. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Company 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.