Arthur J. Gallagher & Co. (NYSE:AJG) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,268 shares of the financial services provider’s stock after acquiring an additional 1,893 shares during the period. Congress Wealth Management LLC DE’s holdings in Arthur J. Gallagher & Co. were worth $19,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 67,146 shares of the financial services provider’s stock worth $18,893,000 after purchasing an additional 11,752 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 231.2% during the 3rd quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after purchasing an additional 618,362 shares during the last quarter. Running Oak Capital LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 48,722 shares of the financial services provider’s stock worth $13,830,000 after acquiring an additional 3,983 shares during the period. MML Investors Services LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.2% during the 3rd quarter. MML Investors Services LLC now owns 183,857 shares of the financial services provider’s stock worth $51,732,000 after acquiring an additional 2,092 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Arthur J. Gallagher & Co. by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 22,436 shares of the financial services provider’s stock worth $6,381,000 after acquiring an additional 3,217 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $377.00 in a report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a report on Friday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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 Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The stock was 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 $5,031,487.89. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now directly owns 14,674 shares in the company, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,235 shares of company stock valued at $7,478,224. 1.60% of the stock is owned by corporate insiders.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG opened at $332.02 on Monday. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The firm has a fifty day moving average of $316.96 and a 200-day moving average of $299.51. 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 company has a market cap of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75.

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

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.65 dividend. The ex-dividend date was Friday, March 7th. 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 0.78%. Arthur J. Gallagher & Co.’s payout ratio is 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.