Arthur J. Gallagher & Co. (NYSE:AJG) Stake Boosted by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,867 shares of the financial services provider’s stock after acquiring an additional 64 shares during the period. Signaturefd LLC’s holdings in Arthur J. Gallagher & Co. were worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Van Hulzen Asset Management LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 2.0% during the 4th quarter. Van Hulzen Asset Management LLC now owns 98,039 shares of the financial services provider’s stock valued at $27,817,000 after acquiring an additional 1,892 shares in the last quarter. Glenview Trust co boosted its holdings in Arthur J. Gallagher & Co. by 20.5% in the fourth quarter. Glenview Trust co now owns 980 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 167 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Arthur J. Gallagher & Co. by 5.6% in the fourth quarter. Harbour Investments Inc. now owns 935 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 50 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Arthur J. Gallagher & Co. by 13.8% in the fourth quarter. Corient Private Wealth LLC now owns 83,938 shares of the financial services provider’s stock worth $23,826,000 after purchasing an additional 10,167 shares in the last quarter. Finally, Choate Investment Advisors boosted its holdings in Arthur J. Gallagher & Co. by 62.3% in the fourth quarter. Choate Investment Advisors now owns 2,396 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 920 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the firm’s 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 owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,725 shares of company stock valued at $4,972,964. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

AJG has been the subject of a number of research analyst reports. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price on shares of Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted 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 objective for the company. in a research report on Monday, November 25th. Finally, Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $307.93.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $329.76 on Wednesday. The stock has a market cap of $83.99 billion, a P/E ratio of 50.58 and a beta of 0.75. The company’s 50-day simple moving average is $314.21 and its 200 day simple moving average is $298.74. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $345.43. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate 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, research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 annualized dividend and a dividend yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.