Savant Capital LLC Buys 408 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Savant Capital LLC grew its position in Arthur J. Gallagher & Co. (NYSE:AJG) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,396 shares of the financial services provider’s stock after acquiring an additional 408 shares during the quarter. Savant Capital LLC’s holdings in Arthur J. Gallagher & Co. were worth $2,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Angeles Wealth Management LLC grew its holdings in Arthur J. Gallagher & Co. by 19.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,014 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 167 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Arthur J. Gallagher & Co. by 107.2% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 315 shares of the financial services provider’s stock worth $93,000 after buying an additional 163 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 17.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,787 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 417 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.6% during the 4th quarter. Quotient Wealth Partners LLC now owns 1,600 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 55 shares during the period. Finally, Investment Advisory Services Inc. TX ADV grew its position in Arthur J. Gallagher & Co. by 7.3% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 857 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

AJG has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a research note on Monday, November 25th. Wells Fargo & Company dropped their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Barclays lifted their price target on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Finally, Truist Financial upped their target price on 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 equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $307.00.

Insiders Place Their Bets

In related news, Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard C. Cary sold 10,000 shares of the 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 transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,725 shares of company stock valued at $4,972,964. Insiders own 1.60% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $324.79 on Thursday. The firm has a market capitalization of $81.13 billion, a PE ratio of 49.81 and a beta of 0.77. The business’s 50-day moving average is $292.59 and its two-hundred day moving average is $291.12. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $325.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results 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 return on equity of 16.47% and a net margin of 12.70%. Research analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 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 given a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 36.81%.

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.