Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by South Street Advisors LLC

South Street Advisors LLC increased its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,536 shares of the financial services provider’s stock after acquiring an additional 265 shares during the period. Arthur J. Gallagher & Co. comprises 1.9% of South Street Advisors LLC’s holdings, making the stock its 21st largest position. South Street Advisors LLC’s holdings in Arthur J. Gallagher & Co. were worth $12,642,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. boosted its position in Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $35,000. Financial Life Planners purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $36,000. Finally, OFI Invest Asset Management purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter worth approximately $42,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $329.32 on Tuesday. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $345.43. The company has a market cap of $83.88 billion, a price-to-earnings ratio of 50.51 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The business’s 50 day moving average price is $313.21 and its 200 day moving average price is $298.48.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data 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 return on equity of 16.47% and a net margin of 12.70%. On average, research analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current 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 dividend of $0.65 per share. This is an increase 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 dividend on an annualized basis and a yield of 0.79%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 39.88%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Barclays increased their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Truist Financial raised their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on Arthur J. Gallagher & Co. from $295.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and a consensus price target of $307.93.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.99, for a total value of $3,229,900.00. Following 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 trade represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,725 shares of company stock worth $4,972,964. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Company 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.