FineMark National Bank & Trust Buys 788 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

FineMark National Bank & Trust grew its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 1.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,869 shares of the financial services provider’s stock after acquiring an additional 788 shares during the quarter. FineMark National Bank & Trust’s holdings in Arthur J. Gallagher & Co. were worth $13,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AJG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Arthur J. Gallagher & Co. by 0.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,432 shares of the financial services provider’s stock valued at $8,563,000 after purchasing an additional 189 shares during the period. Nicolet Advisory Services LLC grew its position in Arthur J. Gallagher & Co. by 8.1% during the third quarter. Nicolet Advisory Services LLC now owns 997 shares of the financial services provider’s stock valued at $285,000 after buying an additional 75 shares during the period. Cerity Partners LLC increased its holdings in Arthur J. Gallagher & Co. by 58.2% during the third quarter. Cerity Partners LLC now owns 21,388 shares of the financial services provider’s stock valued at $6,018,000 after buying an additional 7,867 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth $243,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Arthur J. Gallagher & Co. by 5.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 47,910 shares of the financial services provider’s stock valued at $13,481,000 after acquiring an additional 2,539 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AJG. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Wells Fargo & Company raised their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday. Finally, The Goldman Sachs Group lowered 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $310.43.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction dated 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 owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the company’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 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 $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock valued at $7,478,224 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $338.10 on Tuesday. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $86.11 billion, a PE ratio of 51.86 and a beta of 0.75. The firm has a 50-day moving average price of $318.01 and a 200-day moving average price of $299.81.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results 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%. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, March 7th. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio 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.