Allen Capital Group LLC Raises Stock Holdings in Arthur J. Gallagher & Co. (NYSE:AJG)

Allen Capital Group LLC raised its position in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,570 shares of the financial services provider’s stock after acquiring an additional 235 shares during the period. Allen Capital Group LLC’s holdings in Arthur J. Gallagher & Co. were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AJG. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Arthur J. Gallagher & Co. by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,421 shares of the financial services provider’s stock worth $2,183,000 after acquiring an additional 586 shares in the last quarter. Quarry LP purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $29,000. Regal Investment Advisors LLC raised its holdings in Arthur J. Gallagher & Co. by 11.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 1,405 shares of the financial services provider’s stock valued at $364,000 after buying an additional 143 shares during the period. EP Wealth Advisors LLC raised its holdings in Arthur J. Gallagher & Co. by 21.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,122 shares of the financial services provider’s stock valued at $291,000 after buying an additional 197 shares during the period. Finally, Advisory Alpha LLC purchased a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $223,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Trading Up 0.4 %

Shares of NYSE:AJG opened at $294.47 on Thursday. The business has a 50-day moving average price of $291.81 and a 200-day moving average price of $288.34. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The stock has a market cap of $73.56 billion, a price-to-earnings ratio of 56.09 and a beta of 0.76. Arthur J. Gallagher & Co. has a 52-week low of $227.43 and a 52-week high of $316.72.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.65 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.88%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AJG. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a report on Monday, November 25th. BMO Capital Markets increased their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Bank of America increased their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $304.07.

About Arthur J. Gallagher & Co.

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.