Arthur J. Gallagher & Co. (NYSE:AJG) Shares Bought by Xponance Inc.

Xponance Inc. grew its holdings in Arthur J. Gallagher & Co. (NYSE:AJG - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,644 shares of the financial services provider's stock after acquiring an additional 4,136 shares during the period. Xponance Inc.'s holdings in Arthur J. Gallagher & Co. were worth $10,118,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd 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 during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $35,000. Financial Life Planners acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management acquired a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Activity at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of Arthur J. Gallagher & Co. stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the sale, the director now directly owns 44,783 shares in the company, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 in the company, valued at $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 in the last ninety days. 1.60% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of research firms recently weighed in on AJG. Wells Fargo & Company raised their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an "overweight" rating in a report on Friday. TD Cowen raised shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and raised their price target for the company from $295.00 to $377.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a "market perform" rating in a report on Friday. Royal Bank of Canada raised 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, Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $310.43.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock traded down $2.42 during trading hours on Friday, reaching $332.02. The company's stock had a trading volume of 2,675,702 shares, compared to its average volume of 1,147,473. The company's 50 day simple moving average is $316.96 and its 200 day simple moving average is $299.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $345.43. The stock has a market cap of $84.57 billion, a P/E ratio of 50.92 and a beta of 0.75.

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, 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%. As a group, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.78%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is currently 39.88%.

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